So, you’ve decided to start saving for your child’s college. Great! Maybe you’ve paid off your own student loans and you want to save your kids from the same fate. Or maybe the grandparents keep hinting that it’s time to get started. Or you simply want to do the right thing for your kid. But […]
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Entries by Abby Chao
MYTH: Saving in a 529 College Savings Plan ruins your child’s ability to qualify financial aid, so you should not save for college. FACT: Saving in a 529 has a minimal impact on financial aid, but MAJOR impact on your child’s ability to graduate debt-free. It’s true that a 529 College Savings Plan has a […]
Perhaps you already know the basics of a 529 College Savings Plan – it’s a tax-advantaged investment account that helps you pay for college. But there are a lot of misconceptions out there too, so we wanted to highlight a few of the great features of a 529. Did you know about these 7 […]
A 529 College Savings Plan involves two people: An account owner, who has control of the account, and a beneficiary, the student who will use the money for higher education. Anyone over the age of 18 can open a 529 plan, as long as you have some basic information for both the account owner and […]
If you are a Pennsylvania resident, you might automatically think of the PA 529 plan. But is that really the best option for you? In this article, we do a tear-down of Pennsylvania’s offerings and highlight what you need to know about tax deductions, fees, usability, and other considerations. WHAT YOU NEED TO KNOW: Our […]