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You’ve been setting aside money diligently, watching that college fund grow with pride—until life happens. An unexpected expense, a tempting investment, or a financial oversight can quickly wipe out years of savings. The truth is, your child’s college fund is more vulnerable than many parents realize. Without careful planning and smart boundaries, it’s all too easy for that nest egg to shrink just when it’s needed most. To help keep your hard-earned savings safe, steer clear of these six common financial traps that could erase your child’s college fund.
