Keep student debt down with a 529 plan

Keep student debt down with a 529 plan

At a record $1 trillion, outstanding student debt is second only to mortgages as the largest source of household debt, the Fed reported. That trend is likely to continue. With the average cost of a four-year degree from a public university at $30,000, the need to borrow continues to rise. Of the 37 million Americans

Six strategies for maximizing college financial aid

Six strategies for maximizing college financial aid

Preparing to apply for college financial aid should begin well before a student even fills out his or her first college application. In fact, saving early and understanding the application process are important actions to take in order to maximize the potential for financial aid. SchoolFamily.com offers a college preparation guide with 15 ways to

Tackling the rising costs of higher education

Tackling the rising costs of higher education

Nearly 20 million Americans attend college each year, and, of those, nearly 60% borrow annually to help cover costs. While many may borrow to pay for tuition, there are challenges associated with debt that may be particularly difficult for students seeking a job after graduation. The Federal Reserve notes that there is roughly $1 trillion

Tax breaks extended for college savings

Tax breaks extended for college savings

The American Taxpayer Relief Act of 2012 extends or leaves intact provisions that may benefit families saving for and funding a college education. 529 plans unchanged The new law did not affect 529 college savings plans, which offer some of the most meaningful tax benefits to savers. Account owners pay no federal income tax on