Investment Change and 529 Tax Law Changes

Here are several important Plan updates:

  1. Investment Option to be Replaced (read more)
    On February 6, 2018, the Cohen & Steers Dividend Value Fund will be replaced in the CollegeCounts 529 Fund Advisor Plan Age-Based, Target, and Individual Fund Portfolios by the DFA U.S. Large Cap Value Portfolio. This will be an automatic change, with […]

2018-01-10T13:12:10+00:00 January 10th, 2018|

Help your kid graduate college debt-free

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 […]

2017-01-09T09:58:33+00:00 January 9th, 2017|

What to do when the tuition bill is due

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 […]

2016-11-09T14:07:30+00:00 August 17th, 2016|

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+00:00 June 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+00:00 April 16th, 2016|