Accounts I Considered To Pay For My Kid's Education

Whether you are expecting, a new parent, or have a teenager, one thing is universal: Education is expensive.
Thankfully there are accounts out there that can help alleviate some of those expenses such as:
- Tuition
- Room & Board
- School Supplies
& more!
As a new mom herself, Anne Marie Rogers, Quest VP of Sales & Business Development, goes through 3 different types of accounts she's considered to help pay for her newborn son's education as he gets older.

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Who's name is a Coverdell Account in? When figuring the FAFSA family contribution amount any assets or savings in a child's name are penalized at a much higher % than if in the parent's names. Parents are penalized at a 4-5% of value where a child is much high 41?% without looking it up.

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Most FAFSA gurus and others say 529 plans are not good way to save for education.