When planning for college, there are many different types of plans and methods available to save for college expenses. The sooner you start saving for college the better. There are many tax advantages that are available whether you are starting to save now or you are already starting to pay for a child that is currently enrolled in a College or University. It is important to take college planning just as serious as you do with retirement planning. There are several strategies that will allow you to either pre-pay tuition or allow your college savings to grow tax free as long as the funds are used for a qualified education expense. In most cases, the child does not have to designate a school that they are going to attend. If you are saving money in a College Savings 529 Plan in the state that you reside, the child can attend any accredited college or university in the United States.