It's no secret that paying for college can be an expensive endeavor.
One way to get a leg up in savings is to open a 529 saving plan.
Business Insider says that the state-sponsored, tax-advantaged investment account option first started in 1996.
The best thing about a 529 account is that the money that you stash grows completely tax-free and can be taken out tax-free at any point— as long as the funds are used to cover college expenses tuition, fees, books, and supplies.