College savings refer to the funds set aside to cover the costs of higher education, such as tuition, books, and living expenses. Families often start saving early to take advantage of compound interest, which can significantly increase the total amount saved over time. Various savings options are available, including 529 plans, Coverdell Education Savings Accounts, and regular savings accounts. These savings plans often offer tax benefits, making them an attractive choice for parents and students. By planning ahead and contributing regularly, families can reduce the financial burden of college expenses and help ensure that students can focus on their education rather than worrying about money.