Ask for Help
Invite friends and family to help build your child’s account.
Plan contributions are a great alternative to traditional holiday and birthday gifts.
Family members can be a good source of assistance when it comes to reaching your college savings goals. They can open an account or contribute to an existing account. And, their contributions may be eligible for a Connecticut income tax deduction and estate and gift tax benefits.
Remember, most families do not save 100% of college costs. In addition to what you contribute through your 529 plan or other savings, there are other sources of financial aid, such as grant aid, education tax credits and deductions, federal loans, and Federal Work Study aid1.
Learn more about how friends and family can help you save for a child or loved one.
1Table 1. Undergraduate Student Aid by source (in Billions, 2009-2010, Trends in Student Aid, 2010, The College Board, 2010
