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Using a Credit Card to Save for College

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 […]

2016-06-03T20:59:35-05:00June 3rd, 2016|

Computers are now an eligible 529 expense

On December 18, 2015, new provisions were signed into law that included several enhancements for 529 college savings plans. With the legislation:

  1. 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, […]
2016-09-06T15:23:10-05:00April 16th, 2016|