College Savings Month

College Savings Month is the perfect time to focus on your child’s future and make plans to provide the funds needed for a quality education. For many families, paying for college is a major concern, yet not everyone takes the necessary steps to save effectively.

History

In 2003, the U.S. Congress recognized the importance of higher education for every child’s future and declared September as College Savings Month. The initiative was originally developed by the National Association of State Treasurers, aiming to educate parents about the benefits of saving early and wisely. The goal is to help children achieve academic success, receive a good education, and secure a bright career. September serves as a reminder of the importance of planning ahead.

How to Save Money for College

• Start saving early. The sooner you begin, the easier it will be to accumulate enough funds. A little foresight today can pay off in 10 or 15 years.
• Make savings automatic. Set up regular monthly transfers to ensure consistent contributions without having to remember each time.
• Every little bit helps. Even small deposits add up and contribute to a solid college fund.
• Encourage family and friends to contribute to your child’s college savings account instead of giving traditional gifts.
• Consider a 529 Plan, a popular and tax-advantaged savings account specifically designed for education expenses.

How to Participate in College Savings Month

Today, more parents are taking a proactive approach to their children’s education by starting to save 10–15 years before college. Don’t overlook this important step—studies show a strong link between education quality and future income. Explore state-specific college savings programs, attend informational events about the 529 Plan, and start saving what you can. Your child will thank you for your foresight and support.

When is College Savings Month in 2025?

College Savings Month is observed throughout September each year.

Observations