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What to do when the tuition bill is due

As summer winds down, parents are getting ready to send their students to college -- and to get notices that tuition payments are due. By now you've likely made a list of the various financial accounts that you could use for your student's education costs. Some of the most common are 529 plans, savings bonds [...]

2016-08-17T10:58:08-05:00August 17th, 2016|

Using a Credit Card to Save for College

Does it make sense to use a cash-back credit card to help save for college? It can, for consumers with the discipline to pay off their card balance each month. A small number of credit cards offer cash-back rewards that can be deposited directly into a 529 college savings account, the popular state-sponsored accounts that [...]

2016-06-03T15:03:32-05:00June 3rd, 2016|

An Introduction to 529 Plans

What is a 529 plan? A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. There are two types of 529 [...]

2016-05-12T10:13:59-05:00May 10th, 2016|