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Showing Tag: " "529 plan"" (Show all posts)

Paying For College: The Financial Aid Shell Game

Posted by College Connection on Thursday, April 9, 2015, In : Paying for College 

“...How can I be a millionaire.. and never pay taxes? First.. get a million dollars...” -- Steve Martin

The financial aid “gurus” love to tell you that they can lower college costs, get you more money for college, and find a pot of gold at the end of the rainbow.

Everything from shifting assets to Aunt Dottie and Uncle Moe, to deferring contributions to your retirement accounts, in the collegiate equivalent of the street corner shell game. Now you see money for college. Now you don’t!...


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Earning Scholarship Money For College (While You're Still In High School)

Posted by College Connection on Tuesday, December 16, 2014, In : Paying for College 

Getting in to the college of your choice (yes, we'll help you do that) is one thing. Finding the money to pay for college can be quite another matter (and we'll help you there, as well)!

Most high school seniors -- at least the ones we work with -- understand that the bulk of scholarship (read as,
 FREE) money does not come from either the colleges or the government, but rather, from outside sources such as corporations, foundations, community-based organizations, and the like....


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High School Juniors: This Is Your Moment!

Posted by College Connection on Wednesday, January 9, 2013, In : College Planning 

While most high school seniors are submitting FAFSA, and some are putting the finishing touches on the last of their college applications, high school juniors, waiting in the wings, are busy, er, ah, um, busy doing, hmmm... What exactly are high school juniors busy doing?

Dollars to doughnuts (who says that anymore?), while juniors -- and the parents of same -- may have much on their respective plates, preparing for the madness of college applications and admissions (and we mean seriously prep...
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Don't Go Over The College Fiscal Cliff

Posted by College Connection on Thursday, November 22, 2012, In : Paying for College 

With college costs rising, and the amount of student debt ($1 trillion and climbing) off the charts, it is not only the fiscal cliff we hear about on the news that concerns us. The college fiscal cliff looms large on the horizon, and, for some, the abyss below beckons as parents and students hover, not unlike Wile E. Coyote, suspended over that void which threatens to suck every last dollar out of both wallet and bank account.

While we have little (okay, we have some) control over college cost...
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Now More Than Ever, You Need A 529 Plan

Posted by College Connection on Friday, September 7, 2012, In : Paying for College 

College Savings Plans -- so-called 529 Plans -- were all the rage a decade ago. A tax-advantaged, low-cost vehicle to save money for college.

Then, the bottom fell out of the economy, and suddenly, or so it would seem, folks stopped saving for college. And now, they're paying the price -- literally and figuratively.

That's too bad, because those who started saving, and those who have continued to save, have, in most instances, even in a fluctuating and sometimes volatile market, seen their inv...
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Till College Debt Do Us Part?

Posted by College Connection on Monday, May 14, 2012, In : Paying for College 

The New York Times reports that which most college students -- and their parents -- already know too well: Student loan debt is out of control! [Read, A Generation Hobbled by the Soaring Cost of College.]

More than $1 trillion in outstanding student debt, and that number is rising.

Of course, with tuition alone topping $50,000 at some colleges, and rising every year, despite an ailing and stagnant economy, and internal scholarship dollars as awarded by these same institutions shrinking, is it a...
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FAFSA FEVER

Posted by College Connection on Thursday, February 24, 2011, In : Paying for College 

Donna of Louisiana writes:

I am married and have one daughter. She will be a college freshman in the fall. I have contributed money in my state's 529 plan (I live in Louisiana) since she was 8. We were in the process of figuring out whether we were required to report the amount of money in the 529 on the FAFSA application. I found out yesterday that we do report it. One question i have is this. The state has invested the money and we have received "enhancements." There is more money in t...
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