What Is a Coverdell Education Savings Account (ESA)? Similar to a 529 plan, a Coverdell ESA offers the potential for tax-free growth when you use the account to fund a child’s qualified higher education expenses. Contributions Parents, grandparents and other...
The Increasing Cost of Education A college education is an investment which usually pays off. According to the U.S. Department of Education, in 2015 those with a college degree earned $48,500 a year, while those with only a high school diploma earned $23,900....
Section 529: College Savings Plans A 529 plan is a state-sponsored education savings program that allows an individual to save in a tax-deferred account to pay for qualified costs of a beneficiary’s elementary, high school, or college-level education at any...
Investment Alternatives for Funding a College Education College should be considered a lifetime investment rather than just a four-year expense. It requires financial planning and personal sacrifices. The earlier you start saving and investing, the less money you will...
Finding Scholarship Opportunities Over 85% of the nation’s schools offer various types of scholarship, granting money to college students based on a host of criteria such as academic merit, financial need, and in some cases, racial or ethnic background. Though...
Financial Aid for College Students Even if you have not been able to save all the money you will need for college, several alternatives exist to assist you in making up the difference. Financial aid comes in many shapes and sizes – from scholarships and grants which...
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