Like many sections of the Internal Revenue Code, section 529 involves
more than meets the eye. Misunderstanding or under-utilizing its
capabilities can present problems or forgo opportunities. In debunking
the top five 529 myths you will gain a clear understanding of how
powerful the multi-purpose 529 can be.
What Are the Top Five Myths of 529 Higher Education Savings Plans?
Posted in:
Financial Security,
College Savings Plans
Retirement Vs. College Savings: Overcoming the Funding Conundrum
Posted in:
College Savings Plans
Life is a constant juggling act. Every day we juggle tasks, time,
people and goals. This is especially true when it comes to balancing
financial goals, whereby time is not the scarce resource, but money is.
The future can seem especially daunting for young families balancing
retirement funding goals and college planning for their children. When
a dollar can only stretch so far, how can you effectively plan for both?
A Simple Trick for Reducing College Tuition Costs
Posted in:
College Savings Plans
As the high school years wind down, parents begin contemplating how
they will pay for their children’s college tuition. For those who are
tackling this question for the first time, and for some who are
tackling the question for the second, third, or fourth time, the mere
consideration is enough to turn one’s head prematurely gray. But, for
those who receive good advice, gray hair can be postponed for a few
more years.
Increase Your Chance With Free Application for Federal Student Aid
Posted in:
College Savings Plans
The Free Application for Federal Student Aid (known as the FAFSA) is a
form that can be filled out annually by current and anticipating
university students (both undergraduate and graduate) and sometimes
their parents in the United States in order to determine their
eligibility for federal student financial aid (including Pell grants,
Stafford loans, plus loans, and work-study programs).
Choosing a College Savings Plan
Posted in:
College Savings Plans
There are two basic types of tax-free college savings plans, the
Coverdell educational savings account and the 529 savings account. Each
has advantages and disadvantages depending on the situation of the
individual family.
Affordable Student Loans Need a Deferment Period
Posted in:
College Savings Plans
Going to college takes a bunch of money these days! Invariably, most
students end up with an amount due after their graduation and this
amount will be more than the original borrowed amount. This is due to
the fact many student loan include a deferment period. After all, how
affordable would a student loan be if the student had to come up with
monthly payments while he was in college?
Should I Save For My Kids College?
Posted in:
College Savings Plans
A kids college savings plan is very important for you to do as a
parent. You will want to start saving early! The sooner you start
saving for college the better! You can start by saving a certain amount
of money each month for your child's education and increase the amount
you save over time.
Paying for College Fees
Posted in:
College Savings Plans
It is nearly impossible for anyone to attend college these days without
having to rely on some form of credit and financial aid. The cost of
college has skyrocketed over the last few decades and without credit in
the form of student loans many people simply would not be able to
attend. The costs would be too prohibitive.
Best Ways to Save Money for College
Posted in:
College Savings Plans
When it comes to saving money for college, each person will have their
own best way. However, there are some tips that can start everyone off
on the search for the most suitable plan. Note that these ideas are
general information only. Talk to your financial planner and accountant
before deciding on the best course of action for you.
Putting Money Away for College with a 529 Plan
Posted in:
College Savings Plans
Most parents have come to the realization that no matter the
age of their children now is the time to begin a savings strategy for college.
Higher education has become to seem like an expensive luxury to many and yet a
necessity to most. The work place has become increasingly competitive and
entry-level positions are difficult to obtain without a degree.
