How do savings bonds work for college expenses?

Answer The United States Department of the Treasury issues U.S. Savings Bonds, financial instruments that offer a variable rate of return to investors. Savings bonds are a low-isk way for students to rece... Read More »

Top Q&A For: How do savings bonds work for college expenses

How to Put Savings Bonds Toward College?

Savings bonds are U.S. Treasury notes. Bonds can be purchased at any time in many different amounts. Common denominations of savings bonds include: $100, $1,000 and $5,000. These bonds are not wort... Read More »

How to Use Savings Bonds to Pay College Tuition?

You can choose either EE savings bonds or I savings bonds to build college savings. You know your investment will stay safe, since the bonds have the full backing of the United States Treasury. In ... Read More »

Can Savings Bonds Be Tax Deferred for College Tuition?

When it comes to providing the money for college tuition, the federal government provides an option that allows taxpayers to avoid paying taxes on savings bond interest. If you follow the rules of ... Read More »

Are the interest on savings bonds tax free if you are using it for college?

Savings bonds can be used tax-free if the money is used for higher education expenses. To be used for college expenses in a tax-free capacity, the bonds must be series EE and issued after Dec. 31, ... Read More »