Owning their home free and clear would give this family more cash to cover tuition expenses. Our Reader Who: Rachel Aptekar, 46 Where: Davis, Cal. Question: Should I use spare income to slash mortgage debt or invest in a 529 plan? A part-time biology instructor at two colleges, Rachel earmarks $12,000 a year for her …
Category Archives: College Savings
The Top College Savings Plans
Use our state-by-state guide to 529 plans to choose the right one for your student. The college hunt is a parade of choices. Private or public. In-state or out-of-state. On-campus or off-campus housing. But when it comes to saving for school expenses, one choice is a clear winner — a 529 savings plan. Taking advantage …
A Gift Registry for College Savings
Mark your grandchild’s birthday by giving a chunk of tuition. From Kiplinger’s Personal Finance: Finally, a birthday gift that’s fiscally responsible. Instead of giving children more toys, DVDs or video games, family members and friends can easily contribute toward a child’s college kitty. Click here for the entire article.
Not-So-Simple College Savings
529 employer benefits can cost more if you don’t ask the right questions. From Kiplinger’s Personal Finance magazine: It sounds like a great perk. You invest in a college-savings plan selected by your employer, and contributions are automatically deducted from your paycheck. Result: a no-sweat college kitty. Unfortunately, it’ not that simple. Click here for …