When Your Student Is Ready for College, Will You Be Ready, Too?
Higher education can be expensive, and paying for it seems challenging. But you don’t have to do it alone. Let us help you plan and save. A State Farm® registered agent can explain these options and then help you tailor your plan for the future.
529 Savings Plan
For most colleges nationwide
Coverdell Education Savings Account (ESA)
Every Dollar You Invest Is a Dollar Your Student Won’t Have to Repay
The average student in the Class of 2016 had $37,172 in student loan debt. The monthly payment on that could be $432/month … for ten years. That’s money a graduate might not be able to put toward a new home, beginning a business or starting a family.
It’s Never Too Early to Start Saving for College
If you begin now and make regular contributions into a savings plan from State Farm®, even modest amounts can grow significantly over time.
What will you need to achieve your education savings goal?
Use this calculator while you’re saving for college.
Education Opens Doors to Opportunity
Over a lifetime, students with a Bachelor’s Degree earn $1 million more than those with a high school degree.
Annual Median Earnings of Full-Time Year-Round Workers Ages 25 and Older, by Education Level.
You Don’t Have to Pay the High Cost of Higher Education on Your Own
It’s often helpful to encourage friends and family to contribute to education savings. Grandparents, aunts and uncles, and friends may all welcome the opportunity to help your student. After all, education is the gift that lasts a lifetime. Long after toys break or clothes are outgrown, a deposit into an education savings plan will still be appreciated.
Today, Parents Often Combine Their Own Money with Loans, Gifts, Grants and Scholarships
 Forbes.com, “Student Loan Debt in 2017: A $1.3 Trillion Crisis.” Zack Friedman. February 21, 2017.
Education Pays 2016. Trends in Higher Education Series. The Benefits of Higher Education for Individuals and Society. Jennifer Ma. Matea Pender and Meredith Welch: College Board.
The State Farm 529 Savings Plan (the "Plan"), is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The State Farm 529 Savings Plan offers a series of investment options portfolios within the Nebraska Educational Savings Plan Trust (which) offers other investment portfolios not affiliated with the State Farm 529 Savings Plan. The State Farm 529 Savings Plan is intended to operate as a qualified tuition program to be used only to save for qualified higher education expenses, pursuant to Section 529 of the U.S. Internal Revenue Code.
An investor should consider the Plan’s investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement at statefarm.com® which contains more information, should be read carefully before investing.
Investors should consider before investing whether their or their beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program and should consult their tax advisor, attorney and/or other advisor regarding their specific legal, investment or tax situation.
Investing involves risk, including potential for loss.
State Farm Bank, F.S.B., Bloomington, Illinois ("Banco"), es un Member FDIC y un Equal Housing Lender. NMLS ID 139716. Los otros productos que ofrecen las compañías afiliadas de State Farm Bank no están asegurados por la FDIC, ni constituyen una obligación de State Farm Bank, ni están garantizados por State Farm Bank y podrían estar sujetos a riesgos de inversión, incluyendo la posible pérdida del principal invertido. El Banco anima a todo individuo interesado a presentar una solicitud para obtener cualquier producto ofrecido por el Banco. También te animamos a que obtengas información relacionada con las normas de suscripción del Banco para cada tipo de crédito o servicio ofrecido, visitando statefarm.com® o contactando al Banco al 877-SF4-BANK (1-877-734-2265). Si eres sordo, tienes dificultades auditivas o no te comunicas verbalmente, puedes comunicarte con nosotros a través del 711 u otros servicios de retransmisión. Para solicitar un producto del Banco, también puedes ver a tu agente participante de State Farm.