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Article

National 529 Day is May 29th: Celebrate the Ways…

May 18, 2022

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.

Saving 529 college savings plan
Article

Celebrate 529 Day and Move Your Higher Education Goals…

May 04, 2022

Article

Celebrate 529 Day and Move Your Higher Education Goals…

May 04, 2022

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. 

Using Calculator
Article

The 529: 5 Great Reasons for College Savings

Mar 02, 2022

Article

The 529: 5 Great Reasons for College Savings

Mar 02, 2022

  1. It’s cheaper to save than to borrow:

Regarding college expenses, today’s environment is much more multidimensional than the old maxim of “a dollar saved is a dollar earned”, as many utilize student loans to cover the rising cost of higher education. Having to borrow becomes a much more costly endeavor long term, whereas savings is a more attractive option. For example, saving $100 per month averaging a 4% rate of return compounded annually over 18 years would produce about $31,437.

Children putting money in a piggy bank
Article

Supercharge 529 College Savings with Child Tax Credit Cash

Sep 16, 2021

Article

Supercharge 529 College Savings with Child Tax Credit Cash

Sep 16, 2021

Parents, take advantage of this huge opportunity to increase college savings with free cash from Uncle Sam!

The government is now sending eligible parents cash each month. This free money can supercharge a child’s college savings nest egg and reduce future student loan debt. As MyCollegeCorner likes to say: “Saving a dollar today is better than borrowing one tomorrow®"

Article

Which comes first: Saving for your retirement or your…

Jun 24, 2021

Article

Which comes first: Saving for your retirement or your…

Jun 24, 2021

Spoiler alert: It’s not even close. You should save for retirement first.

However - and this is a BIG however - you can do both. Setting up a college savings account alongside your retirement planning will benefit the whole family. You will give your child a great start toward college while you concentrate on building your nest egg for retirement.

Article

How Grandparents Can Help Save for College

Dec 22, 2020

Article

How Grandparents Can Help Save for College

Dec 22, 2020

Many grandparents want to help their grandchildren achieve their dreams of college. Unfortunately, how grandparents save or offer assistance can unintentionally reduce a student’s eligibility for financial aid. Knowing some of the rules in advance will ensure that a grandparent’s good intentions are fulfilled without penalizing the student.

If you are a grandparent (or soon to be one) here are a few things to consider when planning to help save for college.

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