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 Prepaid Tuition Plans
• Check how much it might cost to send your child to a particular college.
• Consider where your child is likely to go to.
• Think about whether you'd rather prepay tuition at today's rates
• Make sure how much you can start contributing on a regular basis.
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Read more... [Prepaid Tuition Plans]
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 Here are the things you should be aware of or do:
• get the most recent statements for each of your college accounts.
• Calculate (or recalculate) your college savings goal.
• Ask family and friends about their experiences choosing a 529 plan.
• Calculate the value if you bought any Series EE bonds.
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Read more... [Transferring assets]
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Setting money aside for the college expenses |
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Setting money aside for the college expenses
At first :
-think about the amount of money needed for the college!
-ask the child about his or her college attending (which one would he or she like to attend ?)
-determine whether you could benefit by "gifting" money to a 529 plan (There are two types of 529 plans - prepaid tuition plans, which let you lock in tomorrow's tuition at today's rates, and college savings plans, which let you choose from a menu of investments and offer more return potential, as well as risk)
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Read more... [Setting money aside for the college expenses]
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Some parents forget that young people should also take an active part in planning the future . Why won`t you let them earn money and learn about sources of financial aid and help their parents!Taking over some responsibilities is really a a good idea. According to experts if children are actively involved in planning for their future, they may be more committed when entering college and ultimately have a more successful experience than they would have otherwise.
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Read more... [Let`s save money, kids!]
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