Save For College
Funding A College Education Begins Now
It’s difficult to imagine now, but that sweet little baby you’re singing to sleep will one day have aspirations of independence on a college campus. Considering the cost of higher education, it’s prudent to begin saving for college as early as possible.
College costs have been increasing an average of 5 to 8 percent every year, which is about twice the rate of inflation. You can avoid, or at least minimize, the long-term costs of taking out student loans by preparing today for your child’s future.
Our College Savings calculator shows you how to develop or adjust your savings plan to meet your goals.
PrimeWay Federal Credit Union offers investment options that can help you start the process. Our Coverdell Education IRA is one way to earn dividends on your deposits in an account that is dedicated to paying the costs of higher education. You may also want to consider one of our MemberCONNECT Life Insurance policies that allow you to build up funds to be used for education expenses. Plus, you can contact our investment experts to determine how our resources can help you reach your goal.
And we also offer college scholarships every year to our members, some of the most accomplished students in the Houston and Washington County area. Click here to see this year’s scholarship requirements.
Rely on PrimeWay Federal Credit Union to get you where you want to go.