By Brad Sherman via Iris.xyz
For many parents, the Spring months are full of happy news, as high school seniors announce their college choices. For parents of younger children, however, those happy announcements may make them wonder if they are being savvy about starting to save for college.
One thing any parent will tell you is that time flies. Before you know it, your toddler will be taking the SATs. And one thing any financial advisor will tell you is that the earlier you start any savings plan, the better off you’ll be (although any time is better than no time.)
Not all college savings plans are created equal
The good news is that more parents than ever are already saving, including an impressive 65% of young millennial parents, according to Sallie Mae’s 2016 report How America Saves for College.
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