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September 10, 2020, 1 to 1:30pm PDT

Saving for a child’s college education can seem like an impossible goal, given the steadily rising costs. Yet it is still a primary goal for many parents. However, there are several myths about college savings—and many of them, if not addressed, could discourage families from achieving their educational goals. For example, a couple believed that their children would receive less financial aid if they saved for college. Is this true? Derenda King helps you separate fact from fiction by clearing up some common misconceptions to aid you in mapping out your college saving and funding plan.