The 2020-2021 academic year is right around the corner, and the coronavirus pandemic has upended the college world, like everything else. Not only has COVID-19 impacted short-term college operations and student summer plans, but the virus could end up being the catalyst that changes the model of higher education in the long term. Here are […]
College
Grandparents Can Help Bridge the College Cost Gap
Assets in 529 plans reached $266.2 billion, spread over 12.7 million accounts, as of the second quarter of 2016. Source: College Savings Plans Network, 529 Report: An Exclusive Mid-Year Review of 529 Plan Activity, September 2016 For many families, a college education is a significant financial burden that is increasingly hard to meet with savings, […]
Tax Advantages of 529 College Savings Plans
A brief history 529 plans were first authorized by Congress in 1996. Known officially as “qualified tuition programs,” 529 plans are so named because they are governed by section 529 of the Internal Revenue Code. You can ask for help With so many plans available, it may be helpful to consult an experienced financial professional […]
College Tuition & Fees Can Exceed $200,000
With the cost of annual tuition fees reaching over $50,000, that means you might need over $200,000 to cover all four years! That’s why it’s never too soon to start planning. With that in mind, you may want to consider looking into a College Savings Plan to help lessen the burden. Let’s face it, there […]
