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About Salin Bank - BLOG

College Savings: Every Little Bit Helps

By Chuck Gearhart, Senior Vice President, Retail Sales Manager on April 20, 2015

A college degree pays. Several studies cite the lifetime earnings premium of a bachelor’s degree vs. a high school diploma to be more than $800,000. The earlier you start saving for your child’s higher education, the better. One of the best ways to make your savings work for you and your child is to open an Indiana CollegeChoice 529 Savings Plan account. It only takes $25 to get started, and your account grows free of taxes. Withdrawals for education expenses also are tax-free.

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