Saving for college is an essential part of planning for your child’s future. However, it can be an overwhelming process, and it’s tough to know where to begin. That’s where Education 1st Credit Union can help. Here are five ways Education 1st Credit Union can help you save for college.
1. College Savings Accounts
Education 1st Credit Union offers college savings accounts that you can use to save money exclusively for education-related expenses. With a college savings account, you can build a fund that grows tax-free and can be used for anything from tuition to textbooks and other educational expenses.
2. Low-Interest Student Loans
If you or your student need to borrow for school, Education 1st Credit Union offers low-interest student loans with flexible repayment options. You can choose to pay while in school or defer payments until after graduation. Either way, you’ll save money compared to private student loans from other lenders.
3. Financial Aid Counseling
Education 1st Credit Union also offers free financial aid counseling to help you understand the different options available to you. Our expert counselors can help you find grants, scholarships, and loans that can make college more affordable.
4. College Planning Tools
Education 1st Credit Union offers a range of online tools and resources to help with college planning. Our website provides a wealth of information on topics like college costs, financial aid, and college savings strategies. We also offer college planning calculators to help you estimate the costs of attendance and how much you’ll need to save.
5. Investment Options
For those who want to invest in a 529 college savings plan, Education 1st Credit Union offers several investment options. Whether you prefer to invest aggressively or conservatively, we have a plan to fit your needs and help you meet your savings goals.
In conclusion, Education 1st Credit Union can be a valuable resource for families hoping to save for college. From college savings accounts and low-interest student loans to financial aid counseling and college planning tools, we have everything you need to make college more affordable. With our investment options, we can even help you grow your savings while you prepare for the future. Contact us today to learn more about how we can help you save for college.
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