How Much Should I Save for College?

9/29/2021

How Much Should you Save for College
Saving money for college can be alarming, and the price tag of higher education doesn’t make it any less scary. The good news is, drilling down a savings plan as soon as possible will put you on track for pursuing your goals. After all, a college education is one of the best investments you can make for your child’s future.

You can use the calculator below to help create a college savings strategy.

When it comes to choosing the best college savings options, make sure to explore 529 plans and the benefits they offer, like federal (and sometimes state) tax benefits. Contact your local financial consultant today to create an educational savings strategy tailored to fit your needs.

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  • This calculator is an illustrative tool meant for educational purposes only. The default figures and examples shown are hypothetical and may not be applicable to your individual situation. Furthermore, these calculations may not reflect the terms available for any loan, investment or other financial product offered by SouthState Bank, N.A. (the “Bank”). The calculations do not infer that the Bank assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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