President Obama college financial aid

President Obama Pushes for More College Saving Among Middle Class

by mara

The Obama Administration is proposing a series of changes to 529 Plans, reports the LA Times, in order to encourage more middle class Americans to save money for college. 529 Plans allow you to contribute after-tax dollars, which then grow tax-free until withdrawal, as long as they are used for qualified education purposes. (To learn [...]

What do you think: Does funding for federal student aid belong in the Stimulus Bill?

by mara

February 2, 2009 by Mara Strom President Obama’s Stimulus Package has been getting some flack lately for being short on stimulating the economy. I first heard the debt-free living guru Dave Ramsey ranting about the President’s Stimulus Plan on his radio show last week. He called out items like the $75 million allocation for an [...]