Q: 529 plan accounts are difficult to open and maintain. A: Incorrect. http://sendmykid.com makes it easy from day 1 to the day your child attends college. Q: If my child doesn’t attend college, I lose the funds. A: Incorrect. You can still use the money for school, or other purposes. You can transfer the […]
Archives for June 2011
529 Facts
June 27, 2011 By Leave a Comment
529 Facts $100 invested today, will be worth $3,552.83 in 18 years (20% return) $100 invested every month, will be worth $196,623.51 in 18 years (20% return) 529 savings plans can be used at any school, accredited college or university in the U.S. and some foreign schools. Earnings from 529 plans are not taxed when […]
School Funding
June 22, 2011 By Leave a Comment
The vast majority of students (70%) lack the financial resources to pay tuition up front and must rely on student loans, scholarships, the federal government or a private lender. Some charity organizations offer scholarships for college tuition, based on merit or need. Private schools/colleges/universities have higher tuition rates because they do not rely on state […]
Schooling Options
June 21, 2011 By Leave a Comment
Public School A public school is a school that is funded with tax revenue and administered by a government or government agency. In the United States, Australia and Canada, these are run by the State government. A recent phenonmenon that has happened in California is the States budget is at a deficit, which has cascaded down […]
College Tuition Inflation
June 17, 2011 By Leave a Comment
Disproportionate Inflation Disproportionate inflation refers to inflation in a particular economic sector that is substantially greater than inflation in general costs of living. This type of inflation is directly addressable to the cost of college tuition and related fees. During the 30 year period from 1978 to 2008, the cost of living in the United […]
What is a 529 account?
June 16, 2011 By 1 Comment
A 529 plan Is a college savings plan sponsored by a state or state agency. The accumulated savings can be used for tuition, books, etc at most accredited two and four-year colleges and universities, vocational-technical schools nationwide and eligible foreign institutions. U.S. residents of any state, who are 18 years old, or in some states […]
