Depending on the state that you live in, you may check to see if they have a state sponsored college 529 plan to save for college expenses. I live in Indiana and we have a state sponsored plan with a 20% tax credit on all of your contributions up to $5,000 which is pretty awesome. If your state doesn't have a state sponsored plan, you can still look into a basic college 529 plan that will allow you to make contributions with after-tax dollars and make withdraws for college expenses tax free.
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