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Different plans - different options
529 Education Plans
Offers tax-advantaged savings for private high school and higher education.1
Uniform Gifts to Minors Acts (UGMA)
Allows assets to be held for a minor without a trust fund.
Coverdell Education Savings Accounts
Helps pay for costs through tax-free earnings growth and tax-free withdrawals for qualifying purchases.
Never too early to start saving

Even if college is years away, getting an early start on your saving is always a good plan.Having an effective strategy can help you prepare for the high price of higher education.
Plan and learn
College funding: planning ahead for financial security
In recent years, the cost of higher education has risen well ahead of inflation. At some private colleges and universities, the net cost for one year’s full-time education, including tuition, fees, and room and board, tops $40,000 (Trends in College…
Buying life insurance: what kind and how much?
A look at college savings options
As time goes by, planning for a child’s college education is more challenging than ever before. The saving or investing method you choose will depend on your child’s age, as well as your financial resources. Other considerations, such as your…
Learn more about Webster Investments
1As of 4Q 2018; Federal Reserve and New York Federal Reserve. “Student Loan Debt Statistics in 2019: A $1.5 Trillion Crisis”; Zack Friedman, Forbes. https://www.forbes.com/sites/zackfriedman/2019/02/25/student-loan-debt-statistics-2019/#65496856133f