Tag: College Savings

5 Common Myths and Facts about Section 529 College Savings Plans

Recent statistics indicate that the cost of a college education continues to soar. According to the College Board, the average budget for one year of education at a public university is around $25,000 (including tuition, fees, books, room and board and other living expenses). At a private college, this soars to nearly $51,000. Fortunately, Section […]

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Saving for College

The Pros and Cons of Prepaid Tuition Plans Since they were first introduced two decades ago, Section 529 plans have become a popular way for families to save for their children’s college educations. They are operated by states and educational institutions and offer tax advantages and other financial incentives to help families pay for college […]

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