How to Set Up a College Fund, and What It Takes to Start a Scholarship (Including the Minimums Colleges Require)
Saving for a child’s education and endowing a scholarship for other students are two different kinds of college fund. Here is how to set up each one: 529 plans and trusts for your family, and the $1,000 to $100,000+ minimums colleges and community foundations typically require before they will administer a scholarship.
