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Glossary and Definitions of Financial Terms

Contains definitions and explanations for many of the terms used in the "Saving for College" guide.
Age-Based Account Options: Definition and Overview
Many Section 529 savings plans offer "age-based" investment options. This page provides a brief definition and overview of the term.
FAFSA Application: Definition and Explanation
FAFSA is a common term used by many college students, parents, planners, and financial aid professionals. This provides a definition of the term, which is actually an acronym for a financial aid form.
Modified Adjusted Gross Income (MAGI) - Definition and Calculation
Modified Adjusted Gross Income (MAGI) is a measure used by the IRS to determine eligibility for a number of deductions, credits, and participation in certain types of retirement accounts. This page gives a brief overview of calculating your MAGI.
UGMA: The Uniform Gift to Minors Act
Definition and brief explanation of the college savings term, UGMA.
UTMA - The Uniform Transfer to Minors Act
Definition and brief explanation of the college savings term, UTMA.

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