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Create a comprehensive financial plan for college

A quality education is one of the most meaningful investments you can make for the next generation. Craft a financial plan that aligns with your family’s needs and future aspirations.

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NAVIGATE THROUGH OUR BEST PRACTICES
01

Get help determining the true cost of college

Understanding the real cost of college involves more than just tuition—it includes room, board, books, and other associated costs. Savvy can help provide a detailed breakdown and future estimates, considering factors like inflation and financial aid, to give you a complete picture of how to craft your budget.
02

Save money with a 529 plan

Tax advantages may make a significant difference in how efficiently you can save for education. That's why we often recommend a 529 Plan. It's a tax-efficient way to save for college and other educational expenses. Savvy’s advisors can help you understand the types of 529 plans and how they fit into your broader financial strategy.
03

Periodically review your plan with Savvy

Your child's education plan shouldn't be a set-and-forget affair. College costs change, and so do your finances. That’s why periodic reviews with a Savvy advisor can be invaluable. We help you reassess your saving strategy to ensure it continues to align with your current financial standing and long-term goals. Are you ready to make informed decisions that will shape your family's future?

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Your wealth doesn't have to be a puzzle you solve alone. With Savvy, you're gaining more than a service—you're becoming part of a community committed to financial excellence.

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FAQ

What is a 529 plan?

A 529 plan is a tax-advantaged account used to save and invest for future education expenses like college, apprenticeships, private school tuition, and student loan payments.

A 529 plan is a tax-advantaged account used to save and invest for future education expenses like college, apprenticeships, private school tuition, and student loan payments.

How does a 529 plan work?

529 plans allow savings to grow tax-deferred and withdrawals are tax-free when used for qualified education expenses, making them an efficient way to save for future education costs.

529 plans allow savings to grow tax-deferred and withdrawals are tax-free when used for qualified education expenses, making them an efficient way to save for future education costs.

How to open a 529 plan?

Opening a 529 plan is easy - just choose a plan, name a beneficiary like your child, open and fund an account online, and select investments to match your savings goals and risk tolerance.

Opening a 529 plan is easy - just choose a plan, name a beneficiary like your child, open and fund an account online, and select investments to match your savings goals and risk tolerance.

How to set up a 529 plan?

To set up a 529 plan, gather your and the beneficiary's information, choose a plan, open and fund an account online, and select investments options to match your savings timeline and risk comfort.

To set up a 529 plan, gather your and the beneficiary's information, choose a plan, open and fund an account online, and select investments options to match your savings timeline and risk comfort.

How much does 4 years of college cost on average?

The average cost for four years of college is about $146,000, including tuition, fees, room, board, books, supplies, transportation, and other expenses.

The average cost for four years of college is about $146,000, including tuition, fees, room, board, books, supplies, transportation, and other expenses.

What is a 529 savings plan?

A 529 savings plan is an investment account that allows savings to grow tax-deferred and withdrawals tax-free for qualified education expenses like college, private school, apprenticeships, and student loans.

A 529 savings plan is an investment account that allows savings to grow tax-deferred and withdrawals tax-free for qualified education expenses like college, private school, apprenticeships, and student loans.

What is the average cost of college?

The average annual cost of college tuition and fees is about $10,740 at public 4-year colleges and $39,400 at private non-profit 4-year colleges.

The average annual cost of college tuition and fees is about $10,740 at public 4-year colleges and $39,400 at private non-profit 4-year colleges.

What is a 504 education plan?

There is no such thing as a 504 education plan. This may be a reference to a 504 plan which provides accommodations for students with disabilities, but is not related to 529 college savings accounts.

There is no such thing as a 504 education plan. This may be a reference to a 504 plan which provides accommodations for students with disabilities, but is not related to 529 college savings accounts.