The Coverdell Education Savings: This type of college savings plan can be applied to more than college. A Coverdell Education Savings Account can be used as savings for elementary through high school education as well as college. Parents or students may contribute up to $2,000 a year tax-free. A few stipulations are that single parents may not earn more than $110,000 and … [Read more...] about 529 College Savings Plans Comparisons
college savings plans
Wow! Earn 25% Interest on Your College Savings Account
I posted last week about instability in the state of Texas' pre-paid tuition plan. But it isn't only Texans who have to worry about tax-deferred savings plans for college. As last year's financial crash has proven, planning on high returns from market-invested college funds is far from a sure thing. With the volatile market continuing to batter college savings plans, a … [Read more...] about Wow! Earn 25% Interest on Your College Savings Account
The Best and Worst 529 Plans for 2008
Consumer Reports recently published its May edition of Consumer Reports Money in which it ranked the 88 different 529 College Savings Plans. If you aren't familiar with College Savings Plans, I recently reviewed them in our "Best Ways to Save for College" series -- check it out here. Or you can read a more in-depth analysis of 529 Plans in our section on College … [Read more...] about The Best and Worst 529 Plans for 2008