Today, most parents are saving money for their children’s college education – 72% of them, according to a study by Fidelity Investments. But some 68% of students still graduate school with student loan debt, at an average of $30,000. Here are three ways you can elevate your savings strategy to help your kid graduate without […]
As summer winds down, parents are getting ready to send their students to college — and to get notices that tuition payments are due.
By now you’ve likely made a list of the various financial accounts that you could use for your student’s education costs. Some of the most common are 529 plans, savings bonds and […]
Does it make sense to use a cash-back credit card to help save for college? It can, for consumers with the discipline to pay off their card balance each month.
A small number of credit cards offer cash-back rewards that can be deposited directly into a 529 college savings account, the popular state-sponsored accounts that offer […]
On December 18, 2015, new provisions were signed into law that included several enhancements for 529 college savings plans. With the legislation:
- Qualified Expenses Expanded
The definition of qualified higher education expenses was expanded to include: expenses for the purchase of any computer and any related peripheral equipment, computer software, or Internet access and related services, […]