How best to save money for boarding school?

Prep School Admissions
1

<p>Hello - I’m wondering if parents out there have any advice on how to save for BS?</p>

<p>My son is now entering 4th grade. So I have about 6 years left to save up some money to put away in case we decide to send our son to BS. I’ve put a sizeable amount of money already away into my state’s 529 plan but was dismayed to learn that this money could not be used for secondary school expenses.</p>

<p>Does anyone have any other suggestions on investment vehicles?</p>

<p>I’ve looked into Coverdell accounts, but I make over the AGI income limit. I’ve also thought about UGMA/UTMA accounts.</p>

<p>Please let me know what other parents have done in this situation.</p>

<p>Thanks</p>

2

<p>Pay for guitar lessons for your child, and then he/she can be in a rock band and not need education!</p>

3

<p>I think this would be a good place to start: [Financing</a> an Independent School Education](<a href=“http://www.nais.org/parents/index.cfm?itemnumber=149257]Financing”>http://www.nais.org/parents/index.cfm?itemnumber=149257).</p>

<p>You might also try exploring the websites of local private schools, and/or boarding schools.</p>