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College Savings Maze: Tips for Parents

ARTICLE | June 16, 2025

Authored by Vasquez + Company

For many parents, the rising expenses of higher education can feel overwhelming. It’s natural to want to start saving as early as possible to ensure your child can pursue their educational dreams. However, the process isn’t always straightforward. Between need-based financial aid, tax considerations, and different savings plans, it can be challenging to figure out where to place your resources. The good news is that with the right approach, you can better position your family for both potential tax benefits and financial aid eligibility.

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Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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