Saving for College
Good Thing You Did the Smart Thing.
College tuition can be a daunting financial burden for families and young adults. But with advance planning and ongoing advice from GCU or your agent, you can build up substantial funds, not to mention peace of mind. The earlier you start, the better.
Minimize the Impact of Loans
Much of the strain of paying for college comes after college, when graduates and their families begin paying off what can feel like mountains of student loan debt. That's why GCU believes it's a good idea to pay for as much of it as you can through a Coverdell Education Savings Account that grows tax-free as long as you use it for college. Loans can still supplement your savings if necessary, but nothing beats the peace of mind of knowing your child isn't saddled with loan payments that can delay things like home ownership or other milestones of adulthood.
Coverdell Education Savings Account
A GCU Coverdell Education Savings Account is a great way to plan for college expenses as funds grow tax-free. If it's used for qualified educational expenses, funds will not be taxed. Parents, grandparents, other family, friends and the child themselves can contribute to an Coverdell Education Savings Account up to $2,000 per year.
GCU College Scholarships
We believe in investing in the next generation of learners and leaders. We've awarded more than 2,000 scholarships to students in our communities, totaling over $1,500,000. As our parents and students will tell you, every little bit helps.
Find an Agent
Ready to learn more about how GCU can help you? Find an agent near you or call us at 1-855-306-0607.