loans for college: 2 Things You Should Know About 529 College Savings Plans - 09/10/18 06:45 AM
   
Section 529 of the Internal Revenue Code created a type of college savings plan that known as a “529 Plan”. The 529 plan allows families to:
Invest funds after you’ve paid taxes on them (similar to a Roth IRA) Grow the money tax-free over time (no taxes on dividends or asset appreciation) Withdraw the money tax-free to pay for qualified college expenses. Up to $10,000 per year per student can also be used for tuition at an elementary or secondary public, private, or religious school.  
 
 

#1 – Each State Sponsors its Own 529 Plan(s), But You … (1 comments)

loans for college: 3 Things You Can Do to Better Prepare for College Expenses - 06/25/18 07:07 AM
In the last 10 years, students themselves have gone from paying 30% of college costs, to paying close to 50% of their own college costs.  This has resulted in driving up the outstanding student loans in the US from $350 billion to a staggering $1.2 trillion over the past 10 years.  The interesting thing is that high-paying jobs are certainly no guarantee after college, and 11.1% of all student loans were more than 90 days delinquent in the first quarter of 2015.  Here are three things you can do right now to help your children or grandchildren prepare for the first … (4 comments)