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College Savings

College of Debt and Despair

David A. Dedman | Posted 04.21.2015 | Money
David A. Dedman

These are things I've noticed over many years, and especially this year during the college search. Think of it this way. Is that small, private college or public university really worth going into debt $30,000 to hundreds of thousands of dollars?

4 College Savings Mistakes Even Savvy Parents Make

LearnVest | Posted 05.11.2015 | Money
LearnVest

Arlene George assumed that her child's college education would come with a hefty price tag, so she started saving when her daughter, Aimee, was three months old.

FAFSA Primer: How to Navigate Through the College Aid Maze

Jason Alderman | Posted 05.11.2015 | Money
Jason Alderman

Whether you're a parent with a child currently in diapers or a student planning to graduate from high school fairly soon, it is worthwhile to study the Free Application for Federal Student Aid (FAFSA) -- a 130-question form that determines who qualifies for a piece of $150 billion in federal grants, loans and work-study funds -- well in advance.

A Lottery You Can't Lose

Bob Hildreth | Posted 04.27.2015 | College
Bob Hildreth

Imagine that you have a low-paying job but still manage to save a little for your kids' future every month. Then someone comes along and offers you a chance to win a cash prize.

Why the President's 529 Proposal Just Didn't Add Up

Marcos Cordero | Posted 04.06.2015 | College
Marcos Cordero

Approximately two weeks ago, the president announced an educational reform initiative that included removing the federal tax benefits from 529 plans. Under current law, savings in a 529 plan grow tax-free and withdrawals are not taxed when used for higher education.

The 529 Microcosm: A Revealing Political Train Wreck with Regard to an Inefficient Tax Break

Jared Bernstein | Posted 03.30.2015 | Politics
Jared Bernstein

This little train wreck over the White House's proposal and then retraction of a plan to cut back on a wasteful yet beloved tax benefit is highly instructive. It's a clear example of how much hot air there is in these fiscal debates.

Remember I Said I'm Glad I Have 529s?

David A. Dedman | Posted 03.29.2015 | Money
David A. Dedman

Well, I thought I was glad I had college 529s, until this week. President Obama, in his State of the Union address, has introduced a new plan to discontinue the tax-free withdrawals on earnings in 529 plans.

Boy, I'm Glad I Have 529s

David A. Dedman | Posted 03.15.2015 | Money
David A. Dedman

When my kids were very young, I set up a 529 Plan for each one. I'm learning firsthand why I'm glad I started them for my kids all those years ago! College is expensive. I've glanced at more than a few of the tuitions for these places.

For The Kids: The Gift That Keeps On Giving

Rich Linton | Posted 02.17.2015 | Money
Rich Linton

As the holidays approach, so do requests from family and friends about what to give the kids this year. Instead of asking for the hottest toy this year, consider a gift that will actually keep on giving: an investment in your child's future.

What Was Your Back-To-School Shopping List Missing? Chances Are You Forgot The College Savings Plan

Judith Ward | Posted 11.29.2014 | College
Judith Ward

The best way for parents to bypass the stress about paying for college is to save for it in advance. Our research shows that every dollar saved ahead of time can equate to almost $2 that won't have to be paid in debt later.

Americans Are Saving More Than Ever For College

AP | ANNE FLAHERTY | Posted 09.09.2014 | College

WASHINGTON (AP) — The good news is that Americans are saving more than ever for college. The bad news is that the average amount wouldn't come close...

College Savings 101: Financial Multi-Tasking

Patrick Kennedy | Posted 10.28.2014 | College
Patrick Kennedy

The words "college life" and "savings" are typically not used in the same sentence today. However, for college students preparing to move onto campus this fall, finding ways to save money may very well be as important as their academic major.

Everyday Ways College Students Can Save

WiserAdvisor.com | Posted 10.26.2014 | College
WiserAdvisor.com

If you want to emerge from college with your finances intact, you need to get smart about how you spend your money. It's time for a crash course in savings. Got your notepad ready?

The Best and Worst 529 College Savings Plans of 2014

Chris Wang | Posted 10.22.2014 | Education
Chris Wang

Virtually all my friends have children, from newborns to kindergarten age. We all reminisce about the days when college was a third of the cost and wonder how the heck we will pay for our kids to go to college.

A Jury of My Peers: The Aspen Action Workshop

Andrea Levere | Posted 10.04.2014 | Impact
Andrea Levere

The most important message I received during the workshop was how deeply the people in the room believed that providing savings accounts to children was a necessary and effective approach to increasing educational and economic opportunity.

Can Financial Aid Determine Your Fate?

Marcos Cordero | Posted 08.04.2014 | College
Marcos Cordero

The financial aid conundrum is certainly a societal problem. While it will require more creative solutions on the part of schools, government and the private sector, some of the responsibility must be borne by the parents and students.

Give the Gift of College Future

Jodi Okun | Posted 03.05.2014 | Money
Jodi Okun

Parents and grandparents might need to work together to develop a strategy so that their student will be able to receive the gift of a college education. A 529 plan is just one piece of the puzzle when it comes to paying for college these days.

Students Get Your Debt for Free! Read All About It!

Bob Hildreth | Posted 02.19.2014 | College
Bob Hildreth

It is a legitimate question to ask if student debt may soon disappear as a result of default and forgiveness. Ultimately, taxpayers may want to support students with upfront grants rather than to suffer losses from forgiveness.

Is Holiday Gift-Giving Collective Insanity?

Marcos Cordero | Posted 02.11.2014 | Money
Marcos Cordero

You know that saying about the definition of insanity? Doing the same thing over and over again and expecting different results? Are we willfully engaging in collective insanity every holiday season?

529 Plans: The Tax-Advantaged Savings Account that Can Curb College Debt

Tim Chen | Posted 02.11.2014 | Money
Tim Chen

Americans are getting serious about saving for college. A record total of over $205 billion has been invested in 529 higher education savings plans as of June 2013, according to the non-profit College Savings Plan Network.

This Woman Graduated College With Zero Debt And Thousands Of Dollars To Spare

Posted 11.27.2013 | Education

Briana McGeough graduated from Brown University in 2012 without a penny of student debt to her name. In fact, she left college with $16,000 to spare a...

College Board Challenges the Pell

Bob Hildreth | Posted 01.25.2014 | College
Bob Hildreth

Brave as it is to suggest changes in a cow so sacred as the Pell, the College Board needs to go further. To succeed, the plan must promote a strong role for families to save, learn, and take control of their own college process.

Grandparents' 529 College Distributions Can Be a Ticking Time Bomb

Chris Wang | Posted 01.25.2014 | Money
Chris Wang

Are you a grandparent thinking of helping out a grandchild fund their college expenses? Be aware of 529 plan structures to ensure that your gift doesn't turn into a bomb that destroys your grandchild's financial aid.

Lessons From UNICEF on Halloween: How Small Donations Can Support Big College Dreams

Andrea Levere | Posted 01.23.2014 | Impact
Andrea Levere

New research shows that low-income students with just $500 or less in college savings are three times more likely to enroll in college and four times more likely to graduate than those without a savings account. That's where we can help.

Rising College Tuition: Another Shoe Has Dropped

Bob Hildreth | Posted 11.10.2013 | College
Bob Hildreth

Obama administration's decision to crack down on college tuition hikes has been long in the making. Our deeply flawed student aid model has pushed tuitions so high that the bubble is about to burst.