College Funding

With the constant increases in higher education costs, a college savings plan is an ideal savings vehicle for new parents.  Starting a college fund early may help parents cover educational expenses, such as tuition, room and board. In an effort to help families endure these costs, there are several options available.  Regardless of what state plan you choose, your beneficiary can attend any accredited college or university in the country; and contributions can grow tax-free.*

Each plan comes with investment options, cost structures, and contribution rules.  The most appropriate choice depends on your personal situation, where you live, the type of investor you are and how many investment choices you want. 

Anyone can open a plan for a child or adult and they can maintain complete control over the account throughout the years.  If the original beneficiary decides not to pursue higher education, the account can be transferred to another recipient. 

Call or e-mail your FNG representative for more information: