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.
How Fast Are College Costs Growing?
Compare costs for public and private universities over the next 20 years.
Price of a College Education
The cost of attending a four-year college or university increases steadily
every year. In the ten years between 1988 and 1998, average costs were
up 76 percent. Why are costs so high, and what can be done to combat inflated
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.
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.
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.
Officers Recommend Favorite Web Sites
The Internet has become a powerful tool for students and parents preparing
for college. We asked several college financial aid administrators to
recommend the best college-related sites to visit.
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.
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.
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.
Preparing for College
Your Student "Budget-Wise"?
One extracurricular activity that every student should master before heading
off to college is personal money management.
Making informed decisions is a significant part of preparing both parents
and students for college. Here are a few suggestions to help you keep