We will point to ways to make college more affordable and even virtually free. Planning early as parents and your students to save, actively budget, research college costs, and seek financial aid are practical steps.
Usually, savings bonds are taxed at the federal level and tax-exempt on state and local levels. Still, if you are using these savings bonds for college tuition expenses, they are typically tax-exempt at the federal level.
Several colleges offer free tuition though you will likely have to pay room, board, and living expenses. Some of these colleges may require work on campus or service after graduation to earn free tuition.