Put aside money in a 529 Plan --
If you're planning ahead for future college expenses, look into a 529 Plan, one of the most popular tax-advantaged college savings programs. Options include both college savings plans and prepaid tuition plans. With either type of plan, your contributions grow tax deferred and earnings are tax free at the federal level if the money is used for qualified education expenses. To find out more, visit your Regions branch and ask to speak with a Morgan Keegan financial advisor.*
Fill out the FAFSA -- In addition to information about student loans, the Free Application for Federal Aid (www.fafsa.ed.gov) helps colleges and universities find any grants and work study opportunities that are available to your child.
Whether offered through their community, high school, college, or university, or through numerous searches available on the Internet, millions of dollars in scholarships and grants are awarded each year to students. Do a keyword search for scholarships and grants to find available funds.
Many students help pay for their own education and related expenses by working while in school and during breaks from classes. Plus, establishing an employment history early can impress potential employers after graduation.
Borrow as a last resort --
After you have explored all other options, you may want to consider a loan. Regions provides several financing possibilities, including Home Equity Lines and Loans.
Investment services are provided through Morgan Keegan & Co., Inc., a subsidiary of Regions Financial Corporation and a member NYSE, SIPC. Securities and insurance products sold through Morgan Keegan are not FDIC insured, not guaranteed by Regions Bank or its affiliates and may lose value.