Articles
Being prepared for college expenses may mean more than determining how much and where to invest. These articles may help you become more familiar with financial aid options and various tax regulations that may affect your bottom line.
Higher Education Costs
The Price of a College Education
The cost of attending a four-year college or university increases steadily every year. What are college costs coming in at today, and what are the projections over time?
Where You Live Can Determine College Costs
A nationwide study examined tuition rates, financial aid availability, and family income in all 50 states. See how your state measures up.
Financial Aid
Federal Student Loan Update
There have been recent changes to federal student loan programs as a result of the Health Care and Education Reconciliation Act.
College Tuition Help Is Available
Putting aside money to pay for college is a challenge for many parents. Planners and college experts say that the best strategy is to start planning early, but other help includes financial aid in the form of grants and scholarships, student jobs, current income, and loans.
Understanding the Financial Aid Formula
Federal and state financial aid can help with college costs investments don't cover. Understanding the formula is an important part of improving your chances of getting the money you need.
Investment Options
Age-Based Investing for College
Starting to invest early for a child's college expenses allows parents more time to put money into those investments that have historically paid a higher rate of return. Learn about these plans and why investing early is a good strategy.
Choosing a Portfolio That Meets Your Needs
Once you've decided to start investing for college, there are a few questions you can ask yourself that might help you determine which portfolio is right for you.
Consider the Advantages of 529 Plans
Section 529 college savings plans allow families to put money aside for tuition and related expenses. The money grows federal tax-deferred, and parents pay no federal taxes on qualified withdrawals if the money is used for education expenses. Other advantages of the plans include high lifetime contributions and ownership control of the account.
An Overview of Your Options
The characteristics of your college investment options are listed side by side – 529 Plans, Education Savings Accounts (formerly known as Education IRAs), UGMA/UTMAs, and investments in the parents' names.
Understanding EdVest Portfolios
Like most 529 plans, EdVest is comprised of a number of investment portfolios that range from conservative to aggressive. Learn more about features of these investments.
Preparing for College
Checklists
Making informed decisions is a significant part of preparing both parents and students for college. Here are a few suggestions to help you keep on track.