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?
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
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?
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
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 …
Can You Get a Personal Loan with Bad Credit?
When you think about getting a personal loan, something you need to know is your credit score. When is the last time you checked yours? But if you find your score is bad, can you still qualify for a personal loan? We cover that here in this article. Yes, You Can Still Qualify Yes, you …
How to Use a Personal Loan Calculator to Plan Out Your Loan
Whether you have a loan or you’re looking at your current loan options, a personal loan calculator can absolutely come in handy for your finances. Are you using it to its full potential? We cover how you can make the most of it for your loans in this article. Make Sure Your Information is Accurate …
How to Find the Best Savings Account for You
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 …
8 Vital Finance Tips For College Students to Save Money
College presents a lot of financial challenges to students and their families. There are scholarships to win, tuition prices to consider, loans to take out, debt to repay. Not to mention many college students are financially on their own for the first time, and have to deal with budgets, paychecks, and the like. That’s why …
How Parents Can Start on Their Child’s College Finance Planning
With college fees increasing every year, it has become impossible for the average parent to pay their child’s tuition entirely on their own. Making smart saving decisions will at least help you cover a larger part of the fees while keeping your child’s student debt to the minimum. And it definitely pays to start thinking …
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