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Saving for College

6 Tips for Saving while in College

Saving for College

1. Do your FAFSA early! Every year make sure you do your FAFSA early to get funds before they run out. Make sure you are prepared by having all the required documents [http://www.fafsa.ed.gov/before003.htm] to successfully complete your FAFSA. Getting this out of the way early means you get more grants instead of loans if you [...]

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Saving for College and Graduate School

Saving for College

Do you really know what a college education is worth these days? The costs of higher learning are ever-increasing and this can be a tough burden on families. If this rate is climbing, then how can they know exactly how much to save? According to Finaid.org, During any 17-year period from 1958 to 2001, the [...]

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Mutual Fund Investing for College Expenses

Saving for College

Most mutual funds fall into one of three main categories — money market funds, bond funds (also called “income” funds), and stock funds (also called “equity” funds). A Bond Fund is professionally managed bond portfolio that receives a higher return than money market funds. You can buy short, medium, and long-term bonds. Short-term bonds aren’t [...]

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Coverdell Education Savings Account

Saving for College

Coverdell Education Savings Accounts are tax-exempt custodial accounts designed to help people save up to $2,000 a year for educational expenses. Before 2001, this was known as the Education IRA. These Coverdell ESA accounts can be opened and contributed to anytime before a child’s 18th birthday. Qualify for a Coverdell Education Savings Account To qualify [...]

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Start Saving Early for Child’s College Education

Saving for College

A well thought-out college savings plan lets you know what to do and when to do it. By the time they are ready to graduate funds should be in a stable, fixed account for protection. But in between birth and high school graduation, what should you do to grow and invest your savings? Before picking [...]

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Starting a 529 Plan to Save for Education

Saving for College

The best way to tackle the college budget is to start planning and saving early. It can be hard to decide what to save, how much to save, or if it even fits into your budget. Fortunately, there are many options than can help make these critical decisions easier. One of these options is a [...]

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