College saving
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Three reasons why you should apply for financial aid now
Your child is getting ready for college. The applications are in and you're waiting for the acceptance letters to arrive. But have you completed the Free Application for Student Aid (FAFSA)? Here's why it makes sense to apply for financial aid.
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What you need to know about gifting money
Did you know that you can give up to $15,000 a year to individual family members and friends without reporting it on your taxes? If you are married and you and your spouse file your taxes jointly, you can double those amounts, gifting $30,000 annually. Think about the value you can add to a 529 plan, for example.
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4 reasons why a college education is so important
With the costs of a college education continuing to rise and the pandemic having forced so many schools into remote learning, it’s no surprise that many are questioning the value of a college degree. But here are four reasons why a college degree is still so important.
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Financial aid tips for those affected by the pandemic
Has COVID-19 or another event significantly affected your income? If you are getting ready to fill out FAFSA for your college-aged child, you may not get as much financial assistance as you need. Learn tips on what you can do to potentially get more aid.
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Prepping for college in the new normal
With COVID-19 shutting down sports teams, field trips, and other school events, it’ll be more difficult for high school students to participate in extracurricular activities.. Here are 4 tips about what's important now.
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Sending your child off to college in a pandemic?
While some universities have announced their plans for the fall, many haven’t ironed out all the details in the new normal of a global pandemic. We examine some of the key questions and considerations for both freshmen and returning students.
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Should you convert your child’s UGMA/UTMA into a 529 college savings plan?
Did you know that UGMA and UTMA accounts are reported as the student’s asset on the Free Application for Federal Student Aid (FAFSA), while 529 college savings plan accounts are treated as the parents’ assets? There are a number of reasons why it may make sense to switch to a 529.
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How to compare financial aid packages
Your child has been accepted to a number of colleges. How do you know exactly how much each school is going to cost? Here’s a guide on what factors to consider.
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College planning at a crossroads? How to manage market volatility
Thinking of tapping the brakes on your financial plans—particularly any long-term planning, such as college savings—due to the market volatility around the coronavirus? There are three reasons why it makes sense to keep contributing to your child’s (or grandchild’s) 529 plan.
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A SECURE way to pay down student loans
The SECURE Act now allows 529 college savings plan account holders to withdraw up to $10,000 tax free for payments toward the qualified education loans of the account’s beneficiary and siblings. The Act also allows students who are pursuing an apprenticeship to use 529 plan distributions tax free.
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