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529 Day: CV-19 has Not Changed the Importance of…

May 27, 2020

The global CV-19 pandemic has reshaped our lives and thrown chaos into every element of the college process. But has it changed the way we should think about saving and paying for college?  Is this 529 Day – May 29, 2020, the year of CV-19, truly different from years past?  Not when we consider the big picture.



College admissions decisions are arriving – a joyous time for students relishing their success. A disappointing moment when dream schools say no. No matter which, these emotions will soon be overrun by the reality of making a school choice. And then figuring out how to pay the coming college bill. Lurking under it all: how much student loan debt will be required to get to graduation?








When you buy expensive things -- a TV, a car, a house --, you most likely take more and more time to carefully consider the risks, rewards, and probable outcomes associated with the purchase as the price increases. No one wants to waste hard-earned money. In addition to knowing the purchase price, you will likely have a good handle on the ultimate cost, including after-purchase expenses such as maintenance and insurance. This is true for nearly all consumer transactions -- except for purchasing an education.