By now most Americans who are saving and investing to pay for college costs have probably heard that so-called 529 college savings plans allow tax-free distributions for qualified education expenses, potentially making them even more attractive and effective than in the past, when they were only tax deferred. Add that tax benefit to other benefits […]
[contextly_auto_sidebar] During this time of year, people turn their attention to finding the perfect gift for everyone in their family, not to mention the gifts needed for work gatherings, as well as holiday gift exchanges with friends and neighbors. You try not to spend too much, but unfortunately, a majority of your gift purchases will most […]
The latest report on college costs published by the College Board indicted that, although college costs still increased more than general inflation in the past year, the increase in tuition and fees for the 2014-2015 academic year will be lower than the average annual increases in the past five years, the past 10 years, and […]
When the growing problem of student loan debt is discussed in media reports, most of us assume the borrowers in question are young people in their 20s and 30s. But new government research has revealed that the number of Americans aged 60 and older who are still saddled with unpaid student loans has risen precipitously […]
College marks a great milestone in a child’s life. It may be the first time a child will live away from home, and for parents to be without their child. Dropping off your son or daughter is loaded with emotions, so here are a few tips for a smoother experience. Accept that the Parent-Child Dynamic […]
So who can afford to pay $60,000 a year for a college education? Harvard College has disclosed that the full cost of attending the venerable institution, including tuition, room and board, and fees for the 2014-2015 academic year will be $58,607, up 3.9% from the $56,407 charged last year. Yale announced similar increases to its […]
Estimating the Cost of College It doesn’t take a degree in finance to see the cost of college continues to rise. In its 2013 report, the College Board reported that public four-year institutions raised prices an average of 4.2% annually between the 2003-04 and 2013-14 school years. Put another way, a $5,000 education in 2003-04 […]
Most parents want to give their children the best opportunity for success, and getting into the right college may help open many doors. A recent study by Georgetown University found that 63% of marketable jobs in 2018 will require post-secondary education.¹ Unfortunately, being accepted to the college of their choice may not be as easy […]
Parents looking to take advantage of the many benefits of saving for college with a 529 plan will want to know the full details on which educational expenses qualify for tax-free distribution status — and which do not.¹ In Publication 970, the IRS gives detailed guidance on qualified expenses. Here are a few important points. […]
