How to start saving for higher education this College Savings Month

The video discusses the significant impact of costs on college choices, highlighting that many students choose in-state options due to scholarships and financial aid. It emphasizes the importance of early savings, with Maria Bruno from Vanguard suggesting automatic investment programs. The video explains 529 plans as a tax-efficient savings option and mentions alternatives like UGMA accounts and IRAs. It concludes with savings recommendations, advising to allocate about 3% of income annually for college savings.

What new insight or understanding did you gain from this video?