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When Should I Start Investing in a College Fund?

Rachel Cruze

Money, Jobs, & College

It’s great that you’re thinking about your child’s education already. In 18 years, can you imagine how expensive four years of college will be?

Your best bets for college savings are the Education Savings Account (ESA) and the 529.

With the ESA, you can put $5,000 per child, per year, and the growth will be tax free. The down side is that the ESA has income limits.

So if you make too much money to use it, consider the 529.


With both of these, you need to talk to a financial planner to see what the best option is for your situation. No matter what, make sure you choose an option you are in control of!

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Rachel Cruze

Growing up as Dave Ramsey's kid, Rachel Cruze learned the basic principles of money at an early age. She travels across the country teaching those same principles, in a personal and passionate message of money and hope, to teens and young adults. To find out more about Rachel, visit or follow her on Twitter at @RachelCruze.