What Are the Top Five Myths of 529 Higher Education Savings Plans?

Posted in: Financial Security, College Savings Plans
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.

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.

Save for College the Smart Way!
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