Take advantage of 529 plans to save for college
Article from Tampabay.com:
I was surprised to learn that most people aren’t aware of a college savings vehicle called a 529 plan. The financial firm Edward Jones surveyed Americans to see what they know about the plans, named after Section 529 of the Internal Revenue Code. Only 37 percent answered correctly.
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3 Tips For Tackling The Rising Cost Of College
Article from Financialbuzz.com:
In the last 30 years, the cost of college has increased by an astonishing 1,120% according to data released by Bloomberg. The average tuition and fees in this day and age has reached $ 8,893 for in-state tuition and $ 30,094 per year for out-of-state tuition; this number far exceeds the rate of inflation and annual pay increases for the average American.
With no end in sight to exorbitant tuition increases, the only way to avoid being shackled in debt following graduation is to prepare yourself financially. The fewer loans that you take on to get through college, the better off you’ll be later on in life. These are some tips to help you prepare yourself or your loved ones in obtaining the best possible education at a price you can afford.
Apply for Scholarships & Grants
There are a number of options available to college-bound individuals in the form of private scholarships and grants. Spend your time and effort to apply for…………………continues on Financialbuzz.com
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