Thinking about your child’s future can feel overwhelming—especially when it comes to education costs. But starting early can make a big difference.
A 529 College Savings Plan is a simple and flexible way to save for school. It grows tax-free and can be used for college, trade schools, and even K-12 tuition (with limits). At Celebree School, we believe learning starts early—both in the classroom and in financial planning. Here’s what you need to know to start saving today.
What is a 529 Plan?
A 529 plan is a state-sponsored savings account designed specifically for education costs. It grows tax-free and can be used for:
- College tuition & graduate school
- Trade schools & apprenticeships
- Room & board
- Books & school supplies
- Computers & software
- K-12 private school tuition (limits apply)
- Student loan repayment
There are two main types of 529 plans:
Education Savings Plan: Think of this like an investment account for education. Your contributions grow over time, and when your child is ready for school, you can use the money tax-free.
Prepaid Tuition Plan: This lets you lock in today’s tuition rates at certain colleges, which can be helpful if you’re worried about rising costs.
Basically, if your child needs it for school, a 529 plan can probably help pay for it. No matter which option you choose, both help you save smarter, not harder.
Why Save Now?
If college is still years away, you might be wondering if it’s too soon to start. But here’s the thing—starting early gives your money more time to grow.
Here’s why saving now makes sense:
- Less debt later: Every dollar saved now is one less your child must borrow.
- Tax-free growth: Your savings won’t be taxed if they’re used for education.
- Family contributions: Grandparents, relatives, and friends can pitch in, making it easier to build savings over time.
- More flexibility: Not sure if your child will go to college? No problem. The money can be transferred to another family member or even used to pay down student loans.
Even if you can only save a little each month, it adds up!
Planning for the Future Starts Today
At Celebree School, we know that investing in education starts early—both in the classroom and in financial planning. While we focus on fostering curiosity and learning in young children, we also believe in helping families prepare for the years ahead.
A 529 plan is a smart way to give your child a head start. The sooner you start, the more you can save—and the less stress you’ll have later.
Contact a local Financial Advisor for more information on how to invest in your child’s future!
Want to learn more? Check out our website to find a Celebree School near you.