Parents play an enormous role in their children’s education and in their pursuit of a college dream. We hope you find some resources on this page that will provide you with the support you need to keep your child’s eye on the college degree prize.
Whether you are looking for how to save for your child’s education or on how to encourage them as they prepare to leave home for college, GEAR UP New Mexico is here to help.
Kids born today will need an average of nearly a quarter of a million dollars to cover their four years of college education. When we think about saving for our kid's college education, accounts like 529 plans, Coverdell Education Savings Accounts, and custodial accounts typically come to mind.
While these should certainly be considered our first lines of attack in saving for a child's college education, there are some lesser-known and easier ways to push savings rates even higher. Best of all, they involve little to no sacrifices or money out of pocket.
Don't let the rising cost of college aggravate you; the worst college savings plan is the lack of one. Take advantage of both traditional college savings accounts as well as creative solutions. And make sure you've taken steps to equip your child with the education he or she will need for a lifetime of success.
CONTACT US: If you require additional guidance on how to direct your question or are not able to locate the information you are looking for on the New Mexico Higher Education Department's website, please email HigherEd.Info@state.nm.us.