Cornerstone Blog

Set Your Financial Journey

Create your college savings plan

  • August 19,2025
  • Less than a 2-minute read
70% of parents with college-bound kids are worried about having enough funds to cover the cost of college, according to Discover1. It's completely natural to feel unsure about the future and how to proceed with college planning. That's why we're here to support your goals and provide the tools you need to plan with confidence.

Here's how to get started:
  • Research tuition costs at your child's chosen school
  • Learn how long they plan to attend school to achieve their degree
Once you have an idea, plug your answers into our college savings calculator! It's a quick, simple way to turn uncertainty into a clear savings target, no guesswork needed!

College costs and inflation are on the rise, so the earlier you start saving, the better. Our High-Yield Savings Account2 can help you reach your goals faster. With market-leading rates2 and monthly dividend payouts, your savings will grow consistently!

Need help covering more? You have options! Our Personal Loans3 can provide extra support, with a fixed rate for stability and no collateral required.

Additionally, you can put your home's equity to work and cover educations costs with a Home Equity Line of Credit4 (HELOC). With the flexibility of the line of credit, you can use your HELOC as often as you need to keep life moving forward. You can also explore grants and scholarships. They are a smart way to reduce college costs, and they don't need to be repaid.

College planning can feel stressful, but it doesn't have to be. We're committed to helping you be financially secure, so you can build the future you and your family deserve.

Interested in a High-Yield Savings Account, Personal Loan or HELOC? Visit your local branch, our friendly team is happy to help!
1 https://investorrelations.discover.com/newsroom/press-releases/press-release-details/2023/70-of-Parents-with-College-Bound-Children-Are-Worried-About-Having-Enough-Money-to-Pay-for-College/default.aspx
2 Dividend rates are variable and may be changed or discontinued at any time. Current rates can be found at AboundCU.com/deposit-rates. A blended annual percentage yield (APY) is calculated based on balances in each earning tier, and the exact APY will depend on the balance in the account. Dividends paid and compounded monthly. Limit of one High Yield Savings Account per primary member’s Social Security Number. Available to both business and consumer members. Subject to $10 Membership fee if not already a Member.
3 All loans are subject to credit approval.
4 Rates and terms are subject to credit approval. Eligibility open to Kentucky or Indiana residents. Subject to $10 membership fee, if not already a Member. Subject to $249 application fee.