Saving still a priority as student loan forgiveness is debated
The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.
The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.
The last two years of high school are important for college-bound students to prepare.
For high school freshmen with college as a long-term goal, the high school years are a critical time to focus more on preparing for college.
Some families may not fully understand the price of tuition and fees, leading them to underestimate or overestimate what will be needed. And students may be reconsidering their goal of higher education because they believe it’s too expensive.
Last year, the coronavirus relief bill signed into law in late 2020 makes several changes to the FAFSA filing process in the future.
Families need to be aware of certain legal documents, such as a healthcare proxy, that should be in place before a student leaves for college.
There are many ways that families saving for college can use a 529 plan to its full potential.
Tax season can provide a good reminder that 529 plans offer significant tax benefits for families looking for fund college education.
Whether saving for college or making withdrawals, there are many 529 plan considerations that may need attention at year-end.
Families may consider using funds from a 529 plan to cover qualified expenses even if their child is studying remote this fall.