I am a current high school junior and have extremely limited savings. Due to my parents’ economic condition early in their marriage, they were not able to set aside much. The bottom line is that among two CD’s at 1.15%, a savings account at around 1%, and several E and EE bonds about 10 years old, we’re talking about $3,000 to my name. I currently hold a job that pays around $300 per month, all of which I put away into the savings account.
Now, my family is in a relatively stable financial condition, and I occasionally receive significant tuition support from my extended family who are VERY well-off.
At this point, should I open a 529? If not, what is the best route for me in this situation?