The AMR team discusses saving for college. Their key advice is something is better than nothing and it's better to start sooner than later (use the power of compounding to your advantage).

529 plans are target-date college investment plans that grow tax-free. Withdrawals are also tax-free if payments are made directly to the college. Payments can be used towards tuition, room and board, books, school fees, and now even computers and printers.