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September 14, 2007

THIS ISSUE'S THEME:
529 Plans and Saving for College


Saving for college with 529 plans

A 529 plan is a special kind of investment account designed for college saving. Money grows in the account tax-deferred, and the earnings become tax-free if withdrawn and used for college expenditures. Here's how the accounts work.

Choosing among tax breaks for college costs

There's a vast array of tax breaks available for college students and their parents. How do you choose which one or ones to use and whose tax return to use it on? Here are some tips to help you figure this out.

529 College Savings Plans remain a mystery to most parents

Parents are counting on credit to counterbalance skyrocketing college costs, according to The State of College Savings, a survey to assess the state of college savings conducted by the College Savings Foundation. Fifty-four percent have saved less than $5,000 toward their goal and almost 40 percent expect to take at least 10 years to dig out of the daunting debt expected to send their children to college.

Finding resources to pay for graduate school

For many recent graduates and young professionals, the prospect of paying for the graduate degree they are eager to pursue can be daunting, especially if they incurred large debts as undergraduates. But a surprising number of resources are available to help pay for graduate school education for the student who analyzes the costs carefully and does a thorough search of financial aid options.

Twelve tips for funding that college education

Benjamin Franklin said the only two things that are certain are death and taxes. It's a safe bet that you can add "college costs will continue to rise" to that list. Parents who are looking down the road at college costs for their children may be overwhelmed. How can you afford $15,000 to $40,000 per year for four years when you're struggling to make the mortgage payment each month? And that's just the cost of one child - what if you have two or more?




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