Best Ways to Save for a College Education

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College/Career Expert Advice from Carol Carter

Question: What is the best way to begin saving for a young child's college education? EE bonds, I bonds, or the Educational IRA?

Answer: I am not a financial aid expert, but the best people I know of to help you think through these two options are at wiredscholar.com. Ask them for the pros and cons of each plan for both the short- and the long-term.

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Carol Carter is the author of many books on college and career planning. She is the cofounder of Lifeskills, Inc., a nonprofit organization that encourages high-school students to explore their goals, career options, and the real world through part-time work and internships. She also gives workshops around the country on career exploration and other issues directly related to helping students succeed in college, career, and life.

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