Educational Savings Guide Kaneohe HI
As the parent of a college-bound student, you may be considering saving money to pay for your child's tuition. The articles in this section will help you make good choices on how to invest and save your money so that you have enough when you need it.
There are so many 529 plans out there! Almost every state offers at least one, and each has its own slightly different rules and requirements. Choosing among them has unfortunately become a confusing and cumbersome affair.
It's possible to get a fairly decent understanding of how much the tab for college will be. Any number of books, calculators and worksheets are available to help with that (including a free worksheet at CollegeCostsHowMuch.com ). Understanding the numbers will give you a sense of how big a challenge your family will be facing.
According to the Department of Education, 63 percent of all undergraduates enrolled in 2003–04 received some type of financial aid, and this number keeps going up. In this article, we cover some of the basics of how financial aid works.
With tax-advantaged accounts, you do not have to pay taxes on any of the earnings on the account (i.e., the capital gains, dividends or interest earned on your investments.)