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
Before you gamble the ranch on your child's college education, do a little research to make sure it's worth it. There are several reasons that a Home-Equity Loan may not be a good idea. In a recent article on Bloomberg.Com, these types of student loans can get you into trouble. Home-Equity Loans can make an impact on your financial situation in a big way such as: on your tax … [Read more...] about Home Equity Loans to Pay for College
Apply as soon as possible for financial aid! The actual deadline for the Free Application for Federal Student Aid (FAFSA) is not officially due until June 30 in most states. However, if you wait this long your chances of obtaining federal aid could be very poor. The FAFSA is the only way you can qualify for federal aid and Pell Grants. More than 80% of students fill out … [Read more...] about FAFSA Deadline – Fill Out Required Financial Aid Forms!
A common question students have is how they can manage their debt and their financial aid. Unfortunately when you fill out the FAFSA form there is no place to put down the amount of debt you owe. The form basically wants to know about your income, your family's income and assets. Non-traditional students may already have a substantial debt of some kind. It is wise to seek … [Read more...] about Debt and Financial Aid
It's never too late to save for your children's education. Even if your child is a teenager, save as much money as you can until they are ready to attend college. One way to save is with a 529 college savings plan. A 529 college savings plan is an investment plan that puts money aside for higher education, and can offset the amount needed in the form of college student … [Read more...] about 529 College Savings Plans Help Fill Student Financial Aid Needs