College expenses are something that many parents dread having to deal with and are ultimately unprepared for. Having a plan for getting through college is super important, though! Many can attest that it does get pretty expensive ! Luckily financial expert Mellody Hobson is willing to share some of her knowledge!
“The most important thing to do is keep saving, or if you haven’t already, to start saving. Once you do, then you want to concentrate on growing that money. The two most common vehicles to do this are 529 plans and Coverdell Education Savings Accounts. 529 plans are offered in various states and can be used for undergraduate or graduate studies.”(Source: Black America Web, Mellody Hobson)
Click the link below to get some great advice on paying for college!