Finish College Debt Free
These days, when the cost of higher education is just as much as buying a house or a few brand new cars, it really makes one wonder if it’s possible to earn a degree without getting into an enormous amount of debt that would take a lifetime to finish paying.
Receiving scholarships is helpful but it’s never a bad idea to start saving money now. In fact, many people are beginning to take advantage of the 529 College Savings Plan, which allows someone to save money over a period of time, earn interest, and make withdrawals without having to pay taxes on that money. Funds that are invested under this plan can be used for expenses including tuition, room and board, fees, books, and other supplies. Saving $25 per week now for education could make a huge difference between needing to borrow $1,000 or $30,000 when it's time to enroll in college! Read more about the 529 College Savings Plan by visiting the following websites and checking out books from your local library.
Crystal J. Says:
The 529 College Savings Plan / Richard A. Feigenbaum and David J. Morton
Amazon Amazon Says:
"Clearly, this is the definitive guide to 529 plans. It is a must read for anyone who needs a detailed understanding of the most important financial vehicle since the advent o more...
"Clearly, this is the definitive guide to 529 plans. It is a must read for anyone who needs a detailed understanding of the most important financial vehicle since the advent of the 401(k)." -William L. Koleszar, Chief Strategy Officer, BabyMint, Inc. "A user-friendly guide to this new and powerful financial instrument...an important addition to college admissions literature." -Edward B. Fiske, author of The Fiske Guide to Colleges Whether you want to save for your children, grandchildren, spouse, friend or yourself, The 529 College Savings Plan is the way to go. This book guides you through the savings process, cuts through the legal and financial language and gets you focused on college savings. Learn how the 529 Plan differs from other savings programs and how it will work for you. The 529 College Savings Plan shows in a step-by-step format how to use this new government benefit. The book: --Demonstrates how everyone can save for college-tax free ---Compares the 529 Plan to other savings plans such as Coverdell, Crummey and Prepaid Tuition Credit alternatives ---Answers "Frequently Asked Questions" about the 529 Plan ---Specifies the kinds of institutions that are eligible for the 529 Plan ---Explains such details as qualified higher education expenses --Clarifies beneficiary issues ---Identifies Plan Managers --Explains the 529 Plan requirements for all participating states less...