August 14th, 2013

How To Responsibly Save For Your College Tuition

Everyone knows that a college education will get you ahead in this world. You can have a better chance at jobs than those who did not go to college. With the job market in a recession, there are many more applicants than available jobs. An education will get you noticed over others with the same experience.
With this being said, how do you pay for your education? College tuition is rising every year and job salaries are not. Due Read the rest of this entry »

June 27th, 2013

Five Tips For Starting A College Savings Plan

When it comes to paying for college, there are several different routes you can take. Although it would be nice to have all the money up front, there are plenty of other options to finance your college years until you start to make good money with your new career.

Here are five tips for starting a college savings plan:

Calculate costs: the first thing you want to do is calculate how much your college degree will cost. Play around with the numbers and compare prices for each university.

Start now: once you Read the rest of this entry »

May 10th, 2013

Corporate Programs That Help You Save For College

Believe it or not, there are corporations that are interested in helping people get into college. They are willing to put forth the money to pay for things like this because they understand that it will come back to benefit them in the end. They want to have those more educated employees in the future. If a corporation is funding someone’s education, then that person is more likely to go to work for that company.

Every possible source of money you can find for college is important to take advantage of. Read the rest of this entry »

March 22nd, 2013

Websites That Help You Save For College

The best time to start preparing to save money for your children’s education is when they are small. This will give you many years of saving to come up with the tuition costs. There are a number of websites that help you figure out how much you need to save each year for college. These websites will ask you to fill in some figures and then it will figure up the total amount you need to save.

College tuition costs are rising each year. You should plan for an increase in tuition as your children grow older. Read the rest of this entry »

June 11th, 2012

Working Together As A Family To Save For College

College is expensive, there’s no doubt about that! Even students that receive grants and scholarships will often have to come up with additional money just to complete their degree programs. You can help offset these expenses, however, if you start working together as a family to save for college.

Cut Expenses

First of all, cut out any “luxury” expenses that your household doesn’t really need. For instance, do you really need all of those cable or satellite channels? Do you really Read the rest of this entry »

June 3rd, 2011

Understanding The Costs Of Your Children’s Tuition

College tuition is increasingly getting more expensive. Moreover, the funds for education has exponentially decreased these past years. Therefore, the financial aid available for students have slowly dwindled. Parents are now often forced to bear the whole load of paying for their child’s college tuition. However, there are things we can do right now in order to lessen the burden of sending our children in college. Parents should start a college fund during the early stages Read the rest of this entry »

May 21st, 2011

Setting Up A College Tuition Savings Plan

Believe it or not, setting up a college tuition savings plan doesn’t have to be as complicated as people make it seem. However, if you get started earlier, the outcome will be more valuable. Before you can set up a college fund for your children, you need to have your other financial obligations in order. Work them out so that you have the extra money to put away for your children’s future. Even if your left over money starts out small, something Read the rest of this entry »

May 7th, 2011

The Pros And Cons Of 529 Plans

The 529 Plan is a state-sponsored savings program for college. While the features of each state’s plan are different, there are generally two kinds of 529 Plans: prepaying at today’s tuition rates or saving in a tax-deferred account for future tuition costs. The latter is generally considered to be preferable and is more widely available.

Tax deferral on the earnings, as long as they are used for college tuition, is the most obvious benefit to the 529 Plan. Read the rest of this entry »

April 14th, 2011

How to Save for College Tuition

Most high school students hate thinking about money. They almost never have any, and if they do it is going to pay for the car they just recently purchased. College is at the very back of their mind. However, it is something that needs to be planned for and quickly! Beginning to think about it as early as possible ensures that you’ll be able to save the money that you need.The first trick to getting more money for college is to look at grants and scholarships. Many people just don’t take the time to find out about how much aid is available. You can use your wireless internet connection to scour the web looking for scholarships that will save you so much money. Many students are able to pay for college entirely with scholarships! This saves all of their money for rent and food.Be sure to sit down in an appointment with your school’s financial aid office. They have trained professionals who are constantly on the look out for deals just for students like you. They want to help make it easy to pay for school. They also know the most about work-study programs which will give you much needed cash.

November 22nd, 2010

Tap Into Some Resources

There’s no time like the present to start preparing for what will soon be an eventuality; and there’s no better way to do it than to tap into some resources that will guide you along the way as painlessly as possible. If you’ve been laying awake at night worrying about tuition, why not take one of the following books to bed instead:

  • Education Planning: Taxes, Trusts, and Techniques (Nancy Shurtz) is described as being an invaluable, in-depth resource for the estate and tax planning strategies and vehicles available for families saving for higher education. While focusing on all aspects of the popular 529 plans, the author also provides information on all other savings options, including 529 prepaid plans, Coverdell Educational Savings Accounts, qualified savings bonds, UGMAs/UTMAs, trusts, insurance, financial aid, grants, scholarships, and loans. It compares and contrasts techniques and applies them to different income groups. Also includes numerous planning tips, charts, and examples.
  • The Best Ways to Save for College : A Comprehensive Guide to State-Sponsored College Savings Plans and Prepaid Tuition Contracts (Joseph F. Hurley) may be the source for you if you’re trying to understand how Read the rest of this entry »

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