Eligibility:
While just about anyone can buy Savings Bonds, to be eligible for the interest exemption for college costs, the purchaser must be over age 24. In addition, Savings Bonds must be held in a parents name to qualify for the exemption.
Contribution Rules:
A maximum of $30,000 of each type of savings bonds can be purchased in any given year. This amount would apply to each spouse separately if married.
Contribution Deadline:
There is no deadline for purchasing U.S. Savings Bonds for college savings. However, calendar years are used for purposes of determining the total amount of bonds purchased, as well as for measuring income levels to determine if an exempt withdrawal can be made.

