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How to start a college fund for kids?

If you’ll need the funds soon, you’ll likely want to consider scaling back on the risk,” Wood says. Another way to start a college fund for kids: You can buy savings bonds digitally from the Treasury at TreasuryDirect.gov. They're no longer issued in paper form.

Can family members contribute to a child's college savings?

Family members can contribute to a child's college savings by opening their own 529 plan accounts or making contributions to an established 529 account under the child's parents' name, if the plan accepts third-party contributions.

Can a child invest money in a college account?

Your child will legally be able to use the money in the account – for college or anything else – when they turn 18. There's no limit on what you can invest, and of course, the money doesn't have to go toward college.

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