With college costs rising at 8% annually, experts agree that saving for college is crucial for today’s youth to be able to attend college. That said, there are many factors that contribute to a successful savings strategy. One of the most important factors is utilizing a 529 college savings plan, sometimes referred to as a 401(k) for kids, which accrues interest over time and is tax-deductible. And when the power of 529 savings is combined with the power of crowdfunding, the amount you save for your child’s college savings can be astonishing, especially if you start saving when they are first born!