Education

August 8, 2022

Learn about a 529 college savings plan, Coverdell Education Savings Account (ESA), and custodial accounts, plus tips on saving and paying for college. Or explore other financial planning topics:

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Financial Planning

3 Alternatives to Cash Gifts for Graduation

Schwab strategists share three ways to help improve the financial standing of your recent grad.

Education

529 Accounts: When a Child Doesn't Go to College

Kid not going to college? Don't despair. Those 529 assets can be used for a variety of education costs.

Education

Paying for College: Are Scholarships Taxable?

Scholarship money is generally tax-free provided the student is a candidate for a degree at an eligible institution and the money is used to pay for qualified expenses.

Education

Saving for College: Custodial Accounts

Custodial accounts may not offer the tax benefits of 529 plans, but they can be used to fund expenses that 529 plans don't cover.

Education

College-Bound Student? It's Time to Fill out the FAFSA®!

Don't assume you won't qualify for college financial aid; file the FAFSA® early to maximize your opportunities.

Education

Saving for College: 5 Costly Mistakes to Avoid

A 529 college savings plan offers many advantages, but it can come with some surprising pitfalls. Here are five mistakes to avoid.

Financial Planning

First Steps for Your Baby’s Financial Future

New baby? There's a lot to think about—including your child's financial future. College is a major savings goal, but there's even more to consider.

Financial Planning

9 Tips for Teaching Kids About Money

How do you foster financial independence and financial literacy among young people? Two Schwab experts share their tips.

Education

Help! My Student Loans Are Due Again!

With the right strategy, you can pay off debt while at the same time building a strong financial foundation.

Education

Own a 529 for a Grandchild? Read the Fine Print

Know the rules for paying for college with a nonparent-owned 529 account if you’re considering funding a grandchild’s education.

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Important Disclosures

The information provided here is for general informational purposes only and is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner or investment manager.

Investing involves risk, including loss of principal.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Investing involves risks, including loss of principal. Hedging and protective strategies generally involve additional costs and do not assure a profit or guarantee against loss. With long options, investors may lose 100% of funds invested. Covered calls provide downside protection only to the extent of the premium received. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options." Supporting documentation for any claims or statistical information is available upon request.

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