Charles Schwab is enhancing its college planning website in observance with National College Savings Month.
The upgraded website offers information and guidance on how to adequately prepare and save for college, as well as resources to help pay for college expenses. The site also offers a comparison of the benefits and limitations of different college saving vehicles, such as 529s, educations savings accounts and custodial accounts.
The site is now organized under the headings “Saving for College,” “Paying for College,” and “Compare Accounts.” There is also an increased amount of information about 529 plans, which is one of the most popular methods of saving for college.
“People are looking for easy-to-use resources to learn how to fund a college education,” said Rene Kim, senior vice president of Schwab Investor Services. “ For many people, planning for this expense is second only to planning for retirement, but even with college costs climbing each year it doesn’t have to be a daunting process,” Kim said.