Paying for college can be overwhelming. Knowing the options and identifying sources of money for your family to pay the college bill is half the battle and there’s no time like the new year to get a handle on the details, especially with financial aid season on the horizon.
There is no magic, one-size fits all way to pay for college. The trick is finding what works best for your family.
It’s never too early or too late to save for college and other education expenses using 529 savings programs. Here are four tips to add a little holiday cheer to your 529 savings accounts. In addition to saving for college, 529 plans can now be used to pay for some elementary and secondary school expenses, $10,000 worth of student loans, and certain apprenticeship programs.
Calculating a precise Return on Investment (ROI) of a college degree is less important than taking actions that will result in better returns. We can put the calculator away and think simply about how to increase the Return on Investment for education.
Maximizing educational ROI boils down to:
This article will:
There is something for just about everyone in President Biden’s Student Debt Relief Plan: current undergraduates, graduate students, and parents alike.
But, as with all government programs, the devil is in the detail. This article will help you figure out which of the new benefits applies to you.
College costs continue to rise, and if you’re concerned with how you’re going to pay for it, you’re certainly not alone. Understanding the total cost of college, not just the tuition, and how to manage those costs is important.
Picking a student loan that meets your needs requires an understanding of some basic concepts. This article explains the difference between undergraduate federal and private loans.
In the 1990s, Congress passed legislation to create 529 college savings programs to help families create a nest egg for college. With terrific tax benefits and lots of flexibility to move money among beneficiaries, an estimated 15.7 million current account holders have saved more than $480 billion.
May 29th (5/29) is National 529 Day and by extension May is frequently known as 529 Month, both great reminders and opportunities to save and invest for college. But remember, as May comes and goes, every month is a good time to save for college. Getting started, saving systematically (month over month), and putting time on your side are the keys to achieving your college savings goals and fulfilling your higher education dreams. Even small contributions made consistently can make a big difference over time and reduce your reliance on borrowing.