Give the gift of education.
An education is one of
Whether a prepaid tuition or a college savings plan, this plan may be used for education-related expenses at all accredited colleges and universities. Any person, married or single, relative or non-relative can easily contribute. Plan details differ from state to state.
Uniform Gifts to Minors Act and/or Uniform Transfers to Minors Act
Where state laws permit, you can make an irrevocable gift by transferring funds to a child for educational or any other purpose. Specific provisions may vary from state to state.1
Full or partial scholarships are often available through colleges, businesses, foundations and community groups. A scholarship may be based on academic merit or need.
Individuals with income under certain limits may qualify for the America Opportunity Tax Credit or the Lifetime Learning Credit.1
1 Comerica Bank and its affiliates do not provide tax or legal advice. Please consult with your tax and legal advisors regarding your specific situation.
2 By investing in a plan outside your state of residence, you may lose available state tax benefits. 529 plans are subject to enrollment, maintenance, administration/management fees and expenses. Make sure you understand your state tax laws to get the most from your plan. If a withdrawal is made for any reason other