As another school year begins, many parents are thinking about their child’s education – and, for many, this means how they are going to pay for it. The task of saving for college can be daunting, but there is a new way for parents to help plan for their child’s higher education.
With an online college savings registry called GradSave, parents can connect easily with their friends and family via Facebook, e-mail, Twitter, etc. so they too can make contributions that go directly to a child’s college savings plan. Friends and family love being able to simply donate to a child’s college savings in such a creative way, instead of giving another set of clothes for birthdays and holidays, which will likely be tossed aside after a few years.
And to help jumpstart your college savings plan, GradSave has just launched the $1,000 Savings Challenge and will literally be giving away money for college tuition in the form of gift cards. The first ten families to reach their savings goal of $1,000 will each win $100 in college savings gift cards – you can’t beat that!
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