Raising a child is one of the most rewarding experiences you can have, but it also comes with its fair share of stress and anxieties. Saving for college is definitely one of those worries. Tuition is getting higher than ever, and thousands of college graduates are in debt. But paying for college doesn’t have to be impossible, thanks to The 529 Foundation.
The 529 Foundation is a nonprofit organization that aims to help students save for college by raising awareness about the importance of higher education. The Foundation provides education for parents and tools for helping families begin saving for their children’s’ college educations.
To use the program, families can create a free profile with your child’s academic and career goals, hobbies, and interests. Once you’ve created an account, you can begin earning “529Bucks.” 529Bucks can be earned by completing a variety of tasks, from sharing with friends on social media to working on and updating your profile. When your child is ready for higher education, college or trade school, you can cash out his or her 529Bucks to go towards expenses. The money can even be used to pay off existing student debt.
So where does the money come from? The money for 529Bucks comes from donations and fundraising. You can even get involved by volunteering for the Foundation.
While this program is beneficial to all families, it may be especially helpful to families with children adopted at a later age. While most families can begin saving when their children are as young as infants, families with children who were adopted later may not have that luxury. The 529 Foundation could help adoptive families catch up on their children’s college savings. Visit The 529 Foundation website for more information.