Saving for College: Most Popular Articles
These articles are the most popular over the last month.
Student Loan Forgiveness
Student loan forgiveness and repayment programs are one of the quickest ways to eliminate your college debts. In addition to links to the major student loan forgiveness directories, this article gives an overview of the types of programs and their taxability.
Student loan forgiveness and repayment programs are one of the quickest ways to eliminate your college debts. In addition to links to the major student loan forgiveness directories, this article gives an overview of the types of programs and their taxability.
Annual Gift Exclusion Limit
A guide to understanding the annual gift tax exclusion limit often used by parents and grandparents to transfer wealth to children. The article includes an overview of college planning applications for the exclusion.
A guide to understanding the annual gift tax exclusion limit often used by parents and grandparents to transfer wealth to children. The article includes an overview of college planning applications for the exclusion.
UGMA / UTMA Custodial Accounts
Overview of the withdrawal rules for a UGMA or UTMA custodial account, as well as the treatment of unused funds.
Overview of the withdrawal rules for a UGMA or UTMA custodial account, as well as the treatment of unused funds.
Choosing a Section 529 Plan
With over sixty Section 529 college plans available to investors, it is important to examine the features that really matter to your financial situation. This article takes a look at in-state versus out-of-state plans, prepaid tuition versus savings plans, contribution limits, and management fees.
With over sixty Section 529 college plans available to investors, it is important to examine the features that really matter to your financial situation. This article takes a look at in-state versus out-of-state plans, prepaid tuition versus savings plans, contribution limits, and management fees.
American Opportunity Credit
Definition and overview of the American Opportunity Tax Credit.
Definition and overview of the American Opportunity Tax Credit.
Overview of Pell Grants
Pells Grants are one of the most desired types of financial aid awards. Not only can they pay for a substantial portion of college costs, but they never have to be repaid. Due to their highly desirable nature, these awards have complex rules surrounding who can qualify based on a family's "Expected Financial Contribution".
Pells Grants are one of the most desired types of financial aid awards. Not only can they pay for a substantial portion of college costs, but they never have to be repaid. Due to their highly desirable nature, these awards have complex rules surrounding who can qualify based on a family's "Expected Financial Contribution".
Basics of Section 529 Plans
A basic overview of the popular Section 529 College Savings Plans. Includes a basic look at their history, benefits, and rules.
A basic overview of the popular Section 529 College Savings Plans. Includes a basic look at their history, benefits, and rules.
Music Scholarships #1
A list of five music scholarships that every musical student should know about.
A list of five music scholarships that every musical student should know about.
Choosing a College Account
Choosing the right type of college savings account can be intimidating. This guide walks you through what type of savings account might be right for you based on your risk tolerances, ability to save, and potential tax benefits.
Choosing the right type of college savings account can be intimidating. This guide walks you through what type of savings account might be right for you based on your risk tolerances, ability to save, and potential tax benefits.
UGMA and UTMA Rules
This article answers questions about withdrawing college savings for non-college costs, like paying a family's bills. It covers the unique rules, penalties, and taxes for UGMA / UTMA accounts, Section 529 Plans, and Coverdell ESA's
This article answers questions about withdrawing college savings for non-college costs, like paying a family's bills. It covers the unique rules, penalties, and taxes for UGMA / UTMA accounts, Section 529 Plans, and Coverdell ESA's
MAGI: Definition & 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.
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.
Using the Tuition Deduction
This article contains an overview of who is eligible for the tuition deduction for college expenses, as well as which expenses qualify.
This article contains an overview of who is eligible for the tuition deduction for college expenses, as well as which expenses qualify.
Section 529 Savings Plan
An overview of what college expenses a Section 529 plan can cover, as well as the its effect on financial aid.
An overview of what college expenses a Section 529 plan can cover, as well as the its effect on financial aid.
Hope Tuition Tax Credit
An overview of the basic rules regarding the Hope Scholarship Tax Credit, which is available during a student's first two years of college.
An overview of the basic rules regarding the Hope Scholarship Tax Credit, which is available during a student's first two years of college.
U.S. Savings Bonds for College
An in-depth look at the use of U.S. Savings Bonds as college savings vehicles. Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
An in-depth look at the use of U.S. Savings Bonds as college savings vehicles. Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
U.S. Treasury T-Bills
U.S. Treasury T-Bills are one of the safest investments available. This article provides information on buying T-Bills, taxability, interest rates, and links to the official U.S. Treasury website for purchases.
U.S. Treasury T-Bills are one of the safest investments available. This article provides information on buying T-Bills, taxability, interest rates, and links to the official U.S. Treasury website for purchases.
Lifetime Learning Tax Credit
An overview of the basic rules regarding the Lifetime Learning Tax Credit, which is available for all years of a student's post-secondary education.
An overview of the basic rules regarding the Lifetime Learning Tax Credit, which is available for all years of a student's post-secondary education.
FAFSA Financial Aid Calculator
If you've been curious about your Federal financial aid eligibility, you've got to check out Fafsa4Caster.com. This FAFSA calculator is run by the Department of Education and will give you the best aid estimate you can find on the web.
If you've been curious about your Federal financial aid eligibility, you've got to check out Fafsa4Caster.com. This FAFSA calculator is run by the Department of Education and will give you the best aid estimate you can find on the web.
Applying For Federal Aid
An introduction to the Federal financial aid application process. Provides step-by-step tips on how and when to apply using the Federal FAFSA form.
An introduction to the Federal financial aid application process. Provides step-by-step tips on how and when to apply using the Federal FAFSA form.
Guide to Stafford Loans
Stafford Loans are one of the most important tools used to help pay for a college education. This article takes a look at maximum loan amounts, interest rates, subsidized versus unsubsidized loans, repayment terms, and the application process.
Stafford Loans are one of the most important tools used to help pay for a college education. This article takes a look at maximum loan amounts, interest rates, subsidized versus unsubsidized loans, repayment terms, and the application process.
EFC Guide
The Expected Family Contribution (EFC) is one of the most crucial numbers in calculating a family's financial aid eligibility.
The Expected Family Contribution (EFC) is one of the most crucial numbers in calculating a family's financial aid eligibility.
Indiana 529 Tax Credit
Indiana offers a 20 tax credit (not a deduction) to residents who contribute to its in-state Indiana 529 plan. This article includes an overview of the credit, its potential value to taxpayers, and instructions for claiming the credit.
Indiana offers a 20 tax credit (not a deduction) to residents who contribute to its in-state Indiana 529 plan. This article includes an overview of the credit, its potential value to taxpayers, and instructions for claiming the credit.
Community College Fin. Aid
Financial aid isn't just for four-year college students. This article is gives an overview of the major programs that provide financial aid to community college students.
Financial aid isn't just for four-year college students. This article is gives an overview of the major programs that provide financial aid to community college students.
Federal Student Loans
An overview of the most popular Federal student loan programs, including who is eligible for the loan and what kind of loan terms students can expect.
An overview of the most popular Federal student loan programs, including who is eligible for the loan and what kind of loan terms students can expect.
Top College Planning Mistakes
A list of the top ten saving, investing, and financial aid mistakes made by parents planning for college.
A list of the top ten saving, investing, and financial aid mistakes made by parents planning for college.
Coverdell ESA's
An in-depth profile of Coverdell Education Savings Accounts (formerly known as Education IRA's). Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
An in-depth profile of Coverdell Education Savings Accounts (formerly known as Education IRA's). Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
Tuition, Room, and Board
A breakdown of the three primary costs of college: tuition, room, and board. Includes a look at how tuition is calculated, as well as the advantages and disadvantages of on and off-campus housing and meal plans.
A breakdown of the three primary costs of college: tuition, room, and board. Includes a look at how tuition is calculated, as well as the advantages and disadvantages of on and off-campus housing and meal plans.
The CSS Profile Form
The CSS Profile Form is used by over 600 colleges and universities to determine financial aid eligibility for non-Federal programs. This article gives an overview of the form, its costs, and its aid formula.
The CSS Profile Form is used by over 600 colleges and universities to determine financial aid eligibility for non-Federal programs. This article gives an overview of the form, its costs, and its aid formula.
Section 529 Prepaid Tuition
Overview of the withdrawal rules for a Section 529 Prepaid Tuition plan, as well as the treatment of unused funds.
Overview of the withdrawal rules for a Section 529 Prepaid Tuition plan, as well as the treatment of unused funds.
Custodial Account Conversions
An overview of the key points to keep in mind when considering converting a UGMA or UTMA custodial account to a Section 529 plan.
An overview of the key points to keep in mind when considering converting a UGMA or UTMA custodial account to a Section 529 plan.
Stud. Loan Interest Deduction
Overview and rules for the Student Loan Interest Tax Deduction. Includes an in-depth review of who may claim the deduction, the income limitations for eligibility, and links to the relevant IRS Publications.
Overview and rules for the Student Loan Interest Tax Deduction. Includes an in-depth review of who may claim the deduction, the income limitations for eligibility, and links to the relevant IRS Publications.
529 Plan State Deductions
The majority of states that offer Section 529 plans also offer a deduction to their residents for using them. This article contains a list of the various states and their respective deductions or credits.
The majority of states that offer Section 529 plans also offer a deduction to their residents for using them. This article contains a list of the various states and their respective deductions or credits.
U.S Treasury Bond Guide
The 30-Year U.S. Treasury Bond is one of the most classic "safe" investments and economic benchmarks for global investors. This guide provides an overview of the safety, interest rates, structure, and purchasing options for this bedrock investment.
The 30-Year U.S. Treasury Bond is one of the most classic "safe" investments and economic benchmarks for global investors. This guide provides an overview of the safety, interest rates, structure, and purchasing options for this bedrock investment.
New York Section 529 Deduction
The state of New York offers a substantial tax deduction to its residents for contributing to the New York State Direct Plan. This article contains an overview of the deduction, rules for claiming, and sources of more information.
The state of New York offers a substantial tax deduction to its residents for contributing to the New York State Direct Plan. This article contains an overview of the deduction, rules for claiming, and sources of more information.
Money Market Risks and Safety
A basic overview of money market safety including an explanation of money market fund structure, FDIC and SIPC insurance, and researching fund safety.
A basic overview of money market safety including an explanation of money market fund structure, FDIC and SIPC insurance, and researching fund safety.
U.S Treasury I-Bond Guide
U.S. Treasury I-Bonds offer an attractive alternative to the volatile stock market. This guide provides and overview of I-Bond rules, rates, maturities, purchasing instructions, and taxation.
U.S. Treasury I-Bonds offer an attractive alternative to the volatile stock market. This guide provides and overview of I-Bond rules, rates, maturities, purchasing instructions, and taxation.
Navy Medical Scholarships
The Air Force Medical Scholarship program (HSPS) pays 100% of graduate level tuition, plus a $1,900 monthly stipend and up to a $20,000 signing bonus.
The Air Force Medical Scholarship program (HSPS) pays 100% of graduate level tuition, plus a $1,900 monthly stipend and up to a $20,000 signing bonus.
Teach for Texas Program
The Teach for Texas Loan Repayment Assistance program provides up to $20,000 in loan forgiveness for Texas teachers. Profile includes details on the eligible schools, subject areas, and application requirements.
The Teach for Texas Loan Repayment Assistance program provides up to $20,000 in loan forgiveness for Texas teachers. Profile includes details on the eligible schools, subject areas, and application requirements.
Definition of Tax Credit
Definition and overview of the term "Tax Credit" which is often confused with the term "Tax Deduction."
Definition and overview of the term "Tax Credit" which is often confused with the term "Tax Deduction."
CA APLE Loan Forgiveness
The CA APLE Program offers up to $19,000 in student loan forgiveness for California teachers through the California Student Aid Commission
The CA APLE Program offers up to $19,000 in student loan forgiveness for California teachers through the California Student Aid Commission
OH 529 Deduction
Ohio offers a "per beneficiary" deduction to residents who contribute to an Ohio 529 Plan. This article includes a summary of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Ohio offers a "per beneficiary" deduction to residents who contribute to an Ohio 529 Plan. This article includes a summary of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Student Loan Payment Options
Many soon-to-be graduates avoid thinking about repaying their students loans. But, with numerous payment plans to choose from, most graduates can find a payment option that works with their budget. This article gives an overview of the repayment options for Stafford, Perkins, and PLUS Loans. It also examines important terms like grace period, forbearance, deferment, consolidation, and loan forgiveness.
Many soon-to-be graduates avoid thinking about repaying their students loans. But, with numerous payment plans to choose from, most graduates can find a payment option that works with their budget. This article gives an overview of the repayment options for Stafford, Perkins, and PLUS Loans. It also examines important terms like grace period, forbearance, deferment, consolidation, and loan forgiveness.
Unsubsidized Student Loan
Definition and overview of an unsubsidized loan for students and educational expenses.
Definition and overview of an unsubsidized loan for students and educational expenses.
SC 529 Deduction
Virginia offers a $4,000 tax deduction ($2,000 for 2008) to residents who contribute to a Virginia 529 plan. This article includes an overview of the VA 529 deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Virginia offers a $4,000 tax deduction ($2,000 for 2008) to residents who contribute to a Virginia 529 plan. This article includes an overview of the VA 529 deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Overview of Perkins Loans
The Federal Perkins Loans are the most desirable of student loan programs, available for both undergraduate and graduate studies. This article gives an overview of the maximum loan amounts, interest rates, repayment terms, and the application process.
The Federal Perkins Loans are the most desirable of student loan programs, available for both undergraduate and graduate studies. This article gives an overview of the maximum loan amounts, interest rates, repayment terms, and the application process.
NHSC Loan Forgiveness
The NHSC Loan Forgiveness program offers up to $50,000 in student loan forgiveness to medical professionals nationwide.
The NHSC Loan Forgiveness program offers up to $50,000 in student loan forgiveness to medical professionals nationwide.
Overview of Federal PLUS Loans
PLUS Loans are an important tool used to help absorb any remaining college costs after other types of financial aid. This article takes a look at maximum loan amounts, interest rates, undergraduate versus graduate, Direct Loan versus FFEL, repayment terms, and the application process.
PLUS Loans are an important tool used to help absorb any remaining college costs after other types of financial aid. This article takes a look at maximum loan amounts, interest rates, undergraduate versus graduate, Direct Loan versus FFEL, repayment terms, and the application process.
Calculate College Savings
An in-depth explanation of calculating the future costs of college, as well as the necessary savings to cover a shortage in funds. This step-by-step calculation helps you to incorporate inflation, financial aid, and existing savings accounts.
An in-depth explanation of calculating the future costs of college, as well as the necessary savings to cover a shortage in funds. This step-by-step calculation helps you to incorporate inflation, financial aid, and existing savings accounts.
Florida Teacher Loans
The Florida Loan Forgiveness Program provides up to $10,000 in loan forgiveness for Florida teachers. Profile includes details on the eligible schools, subject areas, and application requirements.
The Florida Loan Forgiveness Program provides up to $10,000 in loan forgiveness for Florida teachers. Profile includes details on the eligible schools, subject areas, and application requirements.
PA 529 Deduction
Pennsylvania offers a "per beneficiary" deduction to residents who contribute to the PA 529 Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Pennsylvania offers a "per beneficiary" deduction to residents who contribute to the PA 529 Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
UPromise and BabyMint Programs
The UPromise and BabyMint programs make contributions to a college savings account for your child every time you shop at thousands of retailers. The programs are free to join and can help parents accumulate thousands of dollars of savings for college costs.
The UPromise and BabyMint programs make contributions to a college savings account for your child every time you shop at thousands of retailers. The programs are free to join and can help parents accumulate thousands of dollars of savings for college costs.
Crummey Education Trusts
An in-depth profile of Crummey Education Trusts. Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
An in-depth profile of Crummey Education Trusts. Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
Nursing Scholarships #1
A list of five undergraduate nursing scholarships.
A list of five undergraduate nursing scholarships.
Definition of UTMA
Definition and brief explanation of the college savings term, UTMA.
Definition and brief explanation of the college savings term, UTMA.
GI Bill Education Benefits
The GI Bill Education Benefits program offers to cover nearly $50,000 in college tuition in exchange for a few years of military service. This article provides an overview of the rules and benefits of the GI Bill's education program.
The GI Bill Education Benefits program offers to cover nearly $50,000 in college tuition in exchange for a few years of military service. This article provides an overview of the rules and benefits of the GI Bill's education program.
IRA's as College Accounts
An in-depth look at the use of Traditional and Roth IRA's as college savings vehicles. Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
An in-depth look at the use of Traditional and Roth IRA's as college savings vehicles. Identifies the ideal type of investor, advantages, disadvantages, eligibility, contribution limits, tax benefits, deadlines, and effects on financial aid.
Illinois Tax Deduction
Provides overview and rules to receive an Illinois tax deduction for Section 529 college account contributions.
Provides overview and rules to receive an Illinois tax deduction for Section 529 college account contributions.
WI 529 Deduction
Wisconsin offers a $3,000 tax deduction to residents who contribute to a Wisconsin 529 plan on behalf of a child, grandchild, niece, or nephew. This article includes an overview of the WI 529 deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Wisconsin offers a $3,000 tax deduction to residents who contribute to a Wisconsin 529 plan on behalf of a child, grandchild, niece, or nephew. This article includes an overview of the WI 529 deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Current Prime Rate Guide
A simple explanation of the difference in the primary interest rates most discussed in relation to the U.S. Federal Reserve. Provides guide to the Wall Street Journal Prime Rate, Federal Funds Rate, and Discount Rate.
A simple explanation of the difference in the primary interest rates most discussed in relation to the U.S. Federal Reserve. Provides guide to the Wall Street Journal Prime Rate, Federal Funds Rate, and Discount Rate.
Georgia Section 529 Deduction
The state of Gerogia offers a substantial tax deduction to its residents for contributing to the Georgia Higher Education Savings Plan. This article contains an overview of the deduction, rules for claiming, and sources of more information.
The state of Gerogia offers a substantial tax deduction to its residents for contributing to the Georgia Higher Education Savings Plan. This article contains an overview of the deduction, rules for claiming, and sources of more information.
Iowa 529 Tax Deduction
Iowa offers a "per beneficiary" tax deduction to residents who contribute to its in-state Iowa 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Iowa offers a "per beneficiary" tax deduction to residents who contribute to its in-state Iowa 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
NC 529 Deduction
North Carolina offers a "per contributor" deduction to residents who contribute to a North Carolina 529 plan. This article includes a summary of the deduction, its potential value to taxpayers, and steps for claiming the deduction.
North Carolina offers a "per contributor" deduction to residents who contribute to a North Carolina 529 plan. This article includes a summary of the deduction, its potential value to taxpayers, and steps for claiming the deduction.
College Investments to Avoid
Saving and investing for college must be done carefully since there is little time to make up for mistakes. This article explores some of the most common investments to avoid when saving for someone's future education.
Saving and investing for college must be done carefully since there is little time to make up for mistakes. This article explores some of the most common investments to avoid when saving for someone's future education.
Subsidized Student Loan
Definition and overview of a subsidized loan for students and educational expenses.
Definition and overview of a subsidized loan for students and educational expenses.
Student Loan Rehabilitation
The basics of student loan rehabilitation for student loans in default.
The basics of student loan rehabilitation for student loans in default.
MD 529 Deduction
Maryland offers a "per beneficiary" tax deduction to residents who contribute to a Maryland 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Maryland offers a "per beneficiary" tax deduction to residents who contribute to a Maryland 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
The Rising Costs of College
A basic overview of the reasons that a college education is becoming too expensive for many Americans. The primary causes examined and explained include inflation, class availability, scholarships, and increased demand for a limited number of enrollment spots.
A basic overview of the reasons that a college education is becoming too expensive for many Americans. The primary causes examined and explained include inflation, class availability, scholarships, and increased demand for a limited number of enrollment spots.
Refundable Credit Definition
Definition and overview of the concept of a refundable credit for taxpayers.
Definition and overview of the concept of a refundable credit for taxpayers.
Army Medical Scholarships
The Army Medical Scholarship program (HSPS) pays 100% of graduate level tuition, plus a $1,900 monthly stipend and up to a $20,000 signing bonus.
The Army Medical Scholarship program (HSPS) pays 100% of graduate level tuition, plus a $1,900 monthly stipend and up to a $20,000 signing bonus.
Obama Opportunity Pell Grants
President Obama announces a number of new programs aimed at helping displaced and unemployed workers get educated, retrained, and find new jobs. Includes expansion of the Pell grant program.
President Obama announces a number of new programs aimed at helping displaced and unemployed workers get educated, retrained, and find new jobs. Includes expansion of the Pell grant program.
Definition of Tax Deduction
Definition and overview of the term "Tax Deduction" which is often confused with the term "Tax Credit."
Definition and overview of the term "Tax Deduction" which is often confused with the term "Tax Credit."
Art Scholarships (7/18/08)
Five unique art scholarships for art students and students with artistic abilities.
Five unique art scholarships for art students and students with artistic abilities.
Tax Carryforward Definition
Definition and overview of the concept of a tax carryforward, which allows a taxpayer to benefit in later years from a deduction or loss that cannot be used in the current year.
Definition and overview of the concept of a tax carryforward, which allows a taxpayer to benefit in later years from a deduction or loss that cannot be used in the current year.
Consolidation Calculator
Easy-to-use student loan consolidation calculator that shows what a student or parent would pay after consolidation student loans.
Easy-to-use student loan consolidation calculator that shows what a student or parent would pay after consolidation student loans.
Colorado Section 529 Deduction
The State of Colorado offers its residents an "unlimited" deduction for contributing money to one of the state's Section 529 plan options. Combined with the Colorado Matching Grant program, this makes for an extremely attractive savings option for parents in Colorado. This article reviews the rules and guidelines for claiming this deduction.
The State of Colorado offers its residents an "unlimited" deduction for contributing money to one of the state's Section 529 plan options. Combined with the Colorado Matching Grant program, this makes for an extremely attractive savings option for parents in Colorado. This article reviews the rules and guidelines for claiming this deduction.
Maryland Loan Forgiveness
The Maryland Loan Forgiveness Program for Teachers can provide up to $30,000 in student loan forgiveness for certified teachers.
The Maryland Loan Forgiveness Program for Teachers can provide up to $30,000 in student loan forgiveness for certified teachers.
Ponzi Scheme Definition
A ponzi scheme is an investment scam that often ensnares even the most sophisticated of investors. This article provides a definition and overview of a ponzi scheme.
A ponzi scheme is an investment scam that often ensnares even the most sophisticated of investors. This article provides a definition and overview of a ponzi scheme.
Income Based Repayment
The payment required under the Income Based Repayment program for student loans is based on a formula that takes into account the national poverty guidelines from the Department of Health and Humans Services.
The payment required under the Income Based Repayment program for student loans is based on a formula that takes into account the national poverty guidelines from the Department of Health and Humans Services.
Definition of UGMA
Definition and brief explanation of the college savings term, UGMA.
Definition and brief explanation of the college savings term, UGMA.
Tax Recapture Definition
A tax recapture can occur as a result of certain Section 529 plan distributions. This article provides a definition and overview of the term.
A tax recapture can occur as a result of certain Section 529 plan distributions. This article provides a definition and overview of the term.
Tuition Promise Programs
Tuition Promise Programs, which promise to pay tuition for virtually all of a town's children, are beginning to pop up around the country. Learn more about these programs being pioneered in cities like El Dorado, Kalamazoo, Pittsburgh, and the state of West Virginia.
Tuition Promise Programs, which promise to pay tuition for virtually all of a town's children, are beginning to pop up around the country. Learn more about these programs being pioneered in cities like El Dorado, Kalamazoo, Pittsburgh, and the state of West Virginia.
Fidelity 529 College Rewards
The Fidelity 529 College Rewards Card offers a 1.50% reward on purchases made with the card. Rewards are deposited into a Fidelity Section 529 plan for the child of your choice.
The Fidelity 529 College Rewards Card offers a 1.50% reward on purchases made with the card. Rewards are deposited into a Fidelity Section 529 plan for the child of your choice.
Section 529 Maine Baby Bonus
The Harold Alfond College Challenge contributes $500 to a NexGen Section 529 plan for every Maine baby born after January 1, 2009. This article contains an overview of eligibility, how to claim funds, and rules on use.
The Harold Alfond College Challenge contributes $500 to a NexGen Section 529 plan for every Maine baby born after January 1, 2009. This article contains an overview of eligibility, how to claim funds, and rules on use.
MI 529 Deduction
Michigan offers a "per tax return" deduction to residents who contribute to a Michigan 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Michigan offers a "per tax return" deduction to residents who contribute to a Michigan 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Hispanic Scholarships
The Hispanic Scholarship Foundation provides more money for Hispanic and Latino students to attend college than any other scholarship foundation. With more than 30 programs providing over $20 million per year in hispanic scholarships, it should be every students' first stop.
The Hispanic Scholarship Foundation provides more money for Hispanic and Latino students to attend college than any other scholarship foundation. With more than 30 programs providing over $20 million per year in hispanic scholarships, it should be every students' first stop.
Arkansas Loan Forgiveness
The Arkansas STAR program can provide up to $18,000 in Arkansas student loan forgiveness over three years.
The Arkansas STAR program can provide up to $18,000 in Arkansas student loan forgiveness over three years.
College Planning Professionals
A Certified College Planning Specialist (CCPS) is a credential awarded to individuals who have completed a training course focusing solely on college planning issues. This article explores the strengths and limitations of the CCPS designation.
A Certified College Planning Specialist (CCPS) is a credential awarded to individuals who have completed a training course focusing solely on college planning issues. This article explores the strengths and limitations of the CCPS designation.
American Graduation Initiative
The American Graduation Initiative outlines a number of President Obama's higher education goals including graduation rates, student aid, and Federal funding for colleges.
The American Graduation Initiative outlines a number of President Obama's higher education goals including graduation rates, student aid, and Federal funding for colleges.
Paying Loans with Credit Card
A brief overview of repaying your student loan with a credit card.
A brief overview of repaying your student loan with a credit card.
Student Loan Consolidation
An overview of the calculation of student loan consolidation rates, the interest rate cap, and how to apply for student loan consolidation.
An overview of the calculation of student loan consolidation rates, the interest rate cap, and how to apply for student loan consolidation.
Credit Card Opt-Out
College students and credit cards are generally a very bad combination. College students tend to impulsively use credit cards to finance a fun lifestyle, while simultaneously being targets for identity thieves. Learn how to quickly opt-out of receiving new credit card offers in the mail and cut down on the potential for credit card headaches.
College students and credit cards are generally a very bad combination. College students tend to impulsively use credit cards to finance a fun lifestyle, while simultaneously being targets for identity thieves. Learn how to quickly opt-out of receiving new credit card offers in the mail and cut down on the potential for credit card headaches.
NIH Loan Repayment
The NIH Loan Repayment program offers up to $35,000 in student loan forgiveness per year to medical professionals performing research.
The NIH Loan Repayment program offers up to $35,000 in student loan forgiveness per year to medical professionals performing research.
FDIC Insurance
FDIC insurance is the type of government account protection that most investors are familiar with. However, most investors get confused about what FDIC insurance does and does not cover. This article provides an overview of FDIC insurance coverage and its limits.
FDIC insurance is the type of government account protection that most investors are familiar with. However, most investors get confused about what FDIC insurance does and does not cover. This article provides an overview of FDIC insurance coverage and its limits.
Credit Union Safety
Many parents and grandparents are choosing to open college savings accounts at credit unions. This article reviews credit union safety and the Federal government's role in insuring credit union deposits.
Many parents and grandparents are choosing to open college savings accounts at credit unions. This article reviews credit union safety and the Federal government's role in insuring credit union deposits.
Arizona Section 529 Deduction
Arizona is one of the few states that allows its residents to deduct a contribution to any state's Section 529 plan, not just the Arizona Family College Savings Program. This article contains an overview of the rules for claiming this deduction.
Arizona is one of the few states that allows its residents to deduct a contribution to any state's Section 529 plan, not just the Arizona Family College Savings Program. This article contains an overview of the rules for claiming this deduction.
Student Loans Credit Report
Answer to the ever-popular question of "Do student loans go on my credit report?"
Answer to the ever-popular question of "Do student loans go on my credit report?"
Definition: FAFSA Application
FAFSA is a common term thrown around 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.
FAFSA is a common term thrown around 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.
Commercial Paper Markets
The commercial paper market is comprised of very short-term bonds issued by highly rated corporations to help finance need such as operations, payrolls, and production. Article includes overview, sample of issuers, risks, and links to sample rates.
The commercial paper market is comprised of very short-term bonds issued by highly rated corporations to help finance need such as operations, payrolls, and production. Article includes overview, sample of issuers, risks, and links to sample rates.
Budget Rental Car Coupon
Information on the Budget Rental Car coupon code program that not only helps you save money on your rental, but also pays a college tuition reward to your UPromise account.
Information on the Budget Rental Car coupon code program that not only helps you save money on your rental, but also pays a college tuition reward to your UPromise account.
RI 529 Deduction
Rhode Island offers a "per contributor" deduction to residents who contribute to a Rhode Island 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Rhode Island offers a "per contributor" deduction to residents who contribute to a Rhode Island 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
MO 529 Deduction
Missouri offers a "per tax return" deduction to residents who contribute to a Missouri 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Missouri offers a "per tax return" deduction to residents who contribute to a Missouri 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Alaska Loan Forgiveness
The Alaska Loan Forgiveness Program for Teachers can provide up to $17,500 in student loan forgiveness for highly-qualified teachers.
The Alaska Loan Forgiveness Program for Teachers can provide up to $17,500 in student loan forgiveness for highly-qualified teachers.
OR 529 Deduction
Oregon offers a "per contributor" deduction to residents who contribute to the Oregon 529 Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Oregon offers a "per contributor" deduction to residents who contribute to the Oregon 529 Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
College Account Advisors
A breakdown of the five most important questions to ask the investment professional who is helping manage your child's college account.
A breakdown of the five most important questions to ask the investment professional who is helping manage your child's college account.
Age-Based Account Options
Many Section 529 savings plans offer "age-based" investment options. Provides brief definition and overview of the term.
Many Section 529 savings plans offer "age-based" investment options. Provides brief definition and overview of the term.
Alabama 529 Tax Deduction
Alabama offers a $5,000 state income tax deduction to residents who contribute to its in-state Alabama 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Alabama offers a $5,000 state income tax deduction to residents who contribute to its in-state Alabama 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Universal Life Insurance
Definition and brief overview of universal life insurance, which is often recommended as alternative type of college savings account.
Definition and brief overview of universal life insurance, which is often recommended as alternative type of college savings account.
2007 IRS Education Tax Links
A list of links to important IRS publications and guides concerning deductions and tax credits for college expenses.
A list of links to important IRS publications and guides concerning deductions and tax credits for college expenses.
Kansas 529 Tax Deduction
Kansas offers a "per beneficiary" tax deduction to residents who contribute to its in-state Kansas 529 Learning Quest Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Kansas offers a "per beneficiary" tax deduction to residents who contribute to its in-state Kansas 529 Learning Quest Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Definition of Liquidity
Definition and overview of the "liquidity" as it applies to investments.
Definition and overview of the "liquidity" as it applies to investments.
obama-safra-speech
Excerpt from President Obama's September 21, 2009 speech in which he discussed college costs, the need to sustain economic growth through education, and the SAFRA legislation.
Excerpt from President Obama's September 21, 2009 speech in which he discussed college costs, the need to sustain economic growth through education, and the SAFRA legislation.
AK T. Rowe Price Section 529
The state of Alaska offers multiple Section 529 Savings Plans. This article contains a review of the features, rules, costs, and investment options of the T. Rowe Price plan offered by Alaska.
The state of Alaska offers multiple Section 529 Savings Plans. This article contains a review of the features, rules, costs, and investment options of the T. Rowe Price plan offered by Alaska.
CFP Definition
Definition and overview of the CFP designation.
Definition and overview of the CFP designation.
ETF Definition
A definition and overview of Exchange Traded Funds (ETF's).
A definition and overview of Exchange Traded Funds (ETF's).
Check My Student Loan Balances
A brief overview on how to check your student loan balances.
A brief overview on how to check your student loan balances.
Real Estate Commission Rewards
Participating Century 21 real estate offices are effectively offering a discount on real estate commission of up to $3,000 to UPromise parents who buy or sell a home.
Participating Century 21 real estate offices are effectively offering a discount on real estate commission of up to $3,000 to UPromise parents who buy or sell a home.
Direct Loan Program Definition
Definition and overview of the William D. Ford Direct Loan Program
Definition and overview of the William D. Ford Direct Loan Program
Utah 529 Tax Credit
Utah offers a 5% tax credit (not a deduction) to residents who contribute to a Utah 529 plan. This article includes an overview of the credit, its potential value to taxpayers, and instructions for claiming the credit.
Utah offers a 5% tax credit (not a deduction) to residents who contribute to a Utah 529 plan. This article includes an overview of the credit, its potential value to taxpayers, and instructions for claiming the credit.
Fixed Annuity for College
Though a fixed annuity can often offer a noticeable higher yield than many other fixed income investments such as bonds and CD's, it's not without a cost. This article reviews the main drawbacks to using a fixed annuity as a college savings investment.
Though a fixed annuity can often offer a noticeable higher yield than many other fixed income investments such as bonds and CD's, it's not without a cost. This article reviews the main drawbacks to using a fixed annuity as a college savings investment.
AL Higher Education Sec. 529
The state of Alabama offers a single Section 529 Savings Plan option. This article contains a review of the features, rules, costs, and investment options of the Alabama Higher Education Section 529 Fund.
The state of Alabama offers a single Section 529 Savings Plan option. This article contains a review of the features, rules, costs, and investment options of the Alabama Higher Education Section 529 Fund.
LA START 529 Deduction
Louisiana offers a "per beneficiary" tax deduction to residents who contribute to its in-state START 529 Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Louisiana offers a "per beneficiary" tax deduction to residents who contribute to its in-state START 529 Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
SIPC Insurance Coverage
SIPC Insurance is a Wall Street industry association that protects customer accounts similar to FDIC insurance. Unlike the FDIC though, SIPC is not backed by the government and is subject to different limits than bank accounts. This article gives an overview of SIPC insurance protection, its rules, and its limits.
SIPC Insurance is a Wall Street industry association that protects customer accounts similar to FDIC insurance. Unlike the FDIC though, SIPC is not backed by the government and is subject to different limits than bank accounts. This article gives an overview of SIPC insurance protection, its rules, and its limits.
Arkansas College Tax Benefits
Arkansas offers a substantial state income tax deduction for helping to fund your child's college education. The deduction requires you to contribute to the Arkansas Section 529 Plan (GIFT). This article provides an overview of the rules for claiming the deduction, as well as links to the necessary state documents.
Arkansas offers a substantial state income tax deduction for helping to fund your child's college education. The deduction requires you to contribute to the Arkansas Section 529 Plan (GIFT). This article provides an overview of the rules for claiming the deduction, as well as links to the necessary state documents.
Insurance Company Ratings
A quick guide to determining the relative safety of a college account held at an insurance company. Includes a guide and links to the three primary sources of insurance company ratings.
A quick guide to determining the relative safety of a college account held at an insurance company. Includes a guide and links to the three primary sources of insurance company ratings.
ME 529 Deduction
Maine offers a "per beneficiary" tax deduction to residents who contribute to any state's Section 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Maine offers a "per beneficiary" tax deduction to residents who contribute to any state's Section 529 plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Section 529 Benefits Sunset
Many parents using Section 529 plans have no idea that the primary tax benefit of these accounts was set to expire in 2010. This article gives an overview of the permanent repeal of the "sunset" provisions originally included with Section 529 savings plans.
Many parents using Section 529 plans have no idea that the primary tax benefit of these accounts was set to expire in 2010. This article gives an overview of the permanent repeal of the "sunset" provisions originally included with Section 529 savings plans.
Bunton Waller Scholarship
The Bunton-Waller Scholarship covers 25% of the in-state tuition for Penn State students.
The Bunton-Waller Scholarship covers 25% of the in-state tuition for Penn State students.
NE 529 Deduction
Nebraska offers a "per tax return" deduction to residents who contribute to the Nebraska College Savings Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Nebraska offers a "per tax return" deduction to residents who contribute to the Nebraska College Savings Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
FFEL Loan Program Definition
Definition and overview of the Federal Family Education Loan Program (FFEL).
Definition and overview of the Federal Family Education Loan Program (FFEL).
Arkansas Rural Loans
The Arkansas Community Match Loan Forgiveness program forgives up to $80,000 in student loans over a four year period for doctors willing to work in a rural community.
The Arkansas Community Match Loan Forgiveness program forgives up to $80,000 in student loans over a four year period for doctors willing to work in a rural community.
Maturity Definition
Definition and overview of the term "maturity" used in conjunction with bonds and CD's.
Definition and overview of the term "maturity" used in conjunction with bonds and CD's.
Sunset Rule Definition
Definition and overview of a "sunset rule," which is often included in a legislative bills to limit their effect.
Definition and overview of a "sunset rule," which is often included in a legislative bills to limit their effect.
OK 529 Deduction
Oklahoma offers a "per contributor" deduction to residents who contribute to the Oklahoma Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Oklahoma offers a "per contributor" deduction to residents who contribute to the Oklahoma Plan. This article includes an overview of the deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Arkansas 529 Plan Matching
The Arkansas 529 Plan matching program, known officially as the Aspiring Scholars Program, is one of the most generous programs offered by any state to help parents save for their children's college educations. Residents of Arkansas who contribute to the Arkansas Section 529 GIFT plan may be eligible to receive up to $500 in matching funds from the state. This article contains an overview of the program, eligibility rules, and instructions on applying.
The Arkansas 529 Plan matching program, known officially as the Aspiring Scholars Program, is one of the most generous programs offered by any state to help parents save for their children's college educations. Residents of Arkansas who contribute to the Arkansas Section 529 GIFT plan may be eligible to receive up to $500 in matching funds from the state. This article contains an overview of the program, eligibility rules, and instructions on applying.
Minnesota Loan Repayment
The Minnesota Loan Repayment Program offers up to $20,000 in annual student loan forgiveness to Minnesota medical professionals.
The Minnesota Loan Repayment Program offers up to $20,000 in annual student loan forgiveness to Minnesota medical professionals.
Education IRA's - Definition
Definition and overview of the college savings accounts formerly known as Education IRA's.
Definition and overview of the college savings accounts formerly known as Education IRA's.
Obama FFEL Elimination
Entire transcript of President Obama proposing to eliminate the FFEL student loan program while beefing up the Direct Loan, Pell Grant, and Perkins loan programs. The transcript also contains statistics on the skyrocketing costs of college over the last few decades.
Entire transcript of President Obama proposing to eliminate the FFEL student loan program while beefing up the Direct Loan, Pell Grant, and Perkins loan programs. The transcript also contains statistics on the skyrocketing costs of college over the last few decades.
Iowa Teacher Loans
The Iowa Teacher Shortage Loan Forgiveness Progam cancels up to 100% of an Iowa teacher's Stafford Loans. Program profile includes details on the eligible schools, subject areas, and application requirements.
The Iowa Teacher Shortage Loan Forgiveness Progam cancels up to 100% of an Iowa teacher's Stafford Loans. Program profile includes details on the eligible schools, subject areas, and application requirements.
Idaho Loan Forgiveness
The Idaho Student Loan Forgiveness program repays the loans of Idaho students who pursue a teaching or nursing career in Idaho.
The Idaho Student Loan Forgiveness program repays the loans of Idaho students who pursue a teaching or nursing career in Idaho.
Vermont 529 Tax Credit
Vermont offers a 10% tax credit (not a deduction) to residents who contribute to a Vermont 529 plan. This article includes an overview of the credit, its potential value to taxpayers, and instructions for claiming the credit.
Vermont offers a 10% tax credit (not a deduction) to residents who contribute to a Vermont 529 plan. This article includes an overview of the credit, its potential value to taxpayers, and instructions for claiming the credit.
Exxon Mobile Gas Rewards
UPromise and Exxon Mobil offer a gas rewards program that deposits money into your child's college account every time you buy a gallon of gas at any of Exxon Mobil's 14,000 locations.
UPromise and Exxon Mobil offer a gas rewards program that deposits money into your child's college account every time you buy a gallon of gas at any of Exxon Mobil's 14,000 locations.
Arkansas UAMS Scholarship
The UAMS Arkansas Rural Practice Medical Scholarship may pay provide up to $12,000 per year in forgivable loans to UAMS students.
The UAMS Arkansas Rural Practice Medical Scholarship may pay provide up to $12,000 per year in forgivable loans to UAMS students.
Connecticut CHET Deduction
Connecticut offers its residents a substantial deduction for contributing money to the Connecticut CHET savings program. This article reviews the rules and guidelines for claiming this deduction.
Connecticut offers its residents a substantial deduction for contributing money to the Connecticut CHET savings program. This article reviews the rules and guidelines for claiming this deduction.
Best College Savings Tips
Many parents don't begin thinking about saving for college until their children are in their teens. This article outlines some of the best college savings tips for parents who need to play catch-up.
Many parents don't begin thinking about saving for college until their children are in their teens. This article outlines some of the best college savings tips for parents who need to play catch-up.
E*Trade Coverdell ESA Review
A review of the Coverdell Education Savings Account offered by E*Trade. Includes an analysis of fees, investment options, and required minimum balances.
A review of the Coverdell Education Savings Account offered by E*Trade. Includes an analysis of fees, investment options, and required minimum balances.
Stagflation Definition
Stagflation definition and overview.
Stagflation definition and overview.
Mississippi Loan Forgiveness
The Mississippi loan forgiveness program for teachers can provide up to $12,000 in student loan forgiveness over four years.
The Mississippi loan forgiveness program for teachers can provide up to $12,000 in student loan forgiveness over four years.
North Dakota Student Loans
The North Dakota Teacher Loan Forgiveness program forgives up to $1,000 per year, up to $3,000 maximum, for teaching in North Dakota. This profile contains the rules, application procedures, and deadlines for interested teachers.
The North Dakota Teacher Loan Forgiveness program forgives up to $1,000 per year, up to $3,000 maximum, for teaching in North Dakota. This profile contains the rules, application procedures, and deadlines for interested teachers.
WV 529 Deduction
West Virginia offers an unlimited tax deduction to residents who contribute to a West Virginia 529 plan. This article includes an overview of the WV 529 deduction, its potential value to taxpayers, and instructions for claiming the deduction.
West Virginia offers an unlimited tax deduction to residents who contribute to a West Virginia 529 plan. This article includes an overview of the WV 529 deduction, its potential value to taxpayers, and instructions for claiming the deduction.
Avis Coupon Rewards
Information on the Avis coupon code program that not only helps you save money on your rental, but also pays a college tuition reward to your UPromise account.
Information on the Avis coupon code program that not only helps you save money on your rental, but also pays a college tuition reward to your UPromise account.