The best financial plan for financing a child's college education requires:

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A savings plan will ensure that there is enough money to pay for the child's college education. Premature death protection will provide financial assistance to the child in case the parent dies before the child finishes college. A 401(k) plan is a good way to save for retirement but it is not directly related to financing a child's college education.

The Best Financial Plan for Financing a Child's College Education