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College Savings

Time: The Biggest Risk To Your Financial Plan

PolicyGenius | Posted 08.02.2016 | Parents

What's the biggest risk to your financial plan? MarketWatch mentions shortfall risk, the possibility that "you won't have enough money to make your goals." CNN Money talks about investment risk, which you're probably familiar with; CNN defines it as "the extent to which an investment's price or returns bounce up and down."

Colleges As An Engine To Succeed. Really?

Bob Hildreth | Posted 06.21.2016 | Education
Bob Hildreth

Take a guess: What is the average graduation rate at America's four-year, non-profit colleges? Would you guess 85%? 75%? Maybe 65%? (Surely, it can't ...

What They Don't Tell You About Child Life Insurance

PolicyGenius | Posted 06.07.2016 | Parents

Child life insurance products are a type of whole life insurance specifically designed to cover children. Whole life insurance products, whether they're designed for children or adults, are a type of life insurance that features a savings component.

First Steps for Your Baby's Financial Future

Carrie Schwab-Pomerantz, CFP | Posted 03.15.2017 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, I've just had a baby! Things are pretty crazy in my house right now, but I want to be sure I give my daughter every opportunity I can. I...

College's Stake in China May Backfire

Bob Hildreth | Posted 03.03.2017 | Education
Bob Hildreth

Colleges have a lot to lose if China's economy keeps declining and with its wealth. This is because China's wealth is the source of much college tuiti...

Why It Can Make Sense to Pass Up Higher Credit Card Rewards

NerdWallet | Posted 02.26.2017 | Business

My main credit card, the one I carry everywhere and use for almost every purchase, pays 2% cash back -- but it deposits those rewards directly into my son's 529 college savings plan.

The Arne Duncan Legacy: Tough on Colleges or Students?

Bob Hildreth | Posted 10.22.2016 | Education
Bob Hildreth

With the announcement of Arne Duncan's resignation as the secretary of education it's a good time to take a look at what he has accomplished, where he failed, and what work is still to be done to deal with the significant problems facing higher education.

College of Debt and Despair

David A. Dedman | Posted 06.21.2015 | 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 06.02.2015 | Money

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.

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.

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 | Posted 10.26.2014 | College

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...