Financial Advice & Planning

Myths About 529 College Savings Plans

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Did you get a 529 college savings plan for your child or relative? Considering getting one? There are a lot of myths surrounding this excellent way of financing education that need to be debunked, including these five. Myth: If My Child Doesn’t Go to College, the Money Will Be Lost One concern many parents and …

What Are Tuition Payment Plans?

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Tuition payment plans allows students to split their total tuition payment into equal monthly installments. This makes it easier for families to manage college expenses without breaking the bank. Some colleges may call it a tuition installment plan or deferred payment plan. This is different from a standard plan where the full tuition is spread …

How Does A 529 Plan Work?

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The fA 529 plan is a type of savings account that is meant to save money specifically towards college. The biggest benefit of this plan is that it offers tax breaks if the money is used for qualified expenses. But how does a 529 savings plan work? What is a 529 Plan? Every 529 plan …

What Is The Average Net Price Of College?

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Everyone agrees that college is expensive. However, what remains confusing for many families is how much college actually costs. When researching the cost of college, you’ll come across two main terms – sticker price and net price. Understanding what each term means and the difference between the two is important. As is the average net …

Types of Alternative Tuition Plans for College

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Alternative tuition plans are designed to help students pay their college fees without taking out expensive student loans. There are three main types of alternative tuition plans – Prepaid Tuition Plan, Tuition Guarantee Plan, and Tuition Payment Plan. All three work differently and have different terms and conditions. The most notable benefit of alternative tuition …

Who Gets the COVID-19 Stimulus Check – Dependent or Independent Students?

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The economic fallout from COVID-19 has been jarring. It jeopardizes the finances of families and businesses across America. Among those the changes hit hardest are college students. Which is where a stimulus check could come in handy. However, the rules are different for independent vs. dependent students. Here’s what you need to know. Colleges Blindsided …

How to Find the Best Savings Account Rates

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As we’ve talked about in previous articles, you don’t want to choose just any savings account for your money. Something you need to consider when selecting a new account is the rate. So how do you find the best rates for a savings account? Start with Research Rates can vary from bank to bank and …

How to Find the Best Savings Account for You

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When it comes time to obtain a savings account, do you know where to look? Or what process you should follow? It may take time to find the best savings account for your needs. Check out these tips: Shop Around You shouldn’t opt for the first savings account you come across if you can help …