|
College Cost Management Tools
Finaid.org
for Parents
Includes college savings calculator, financial aid estimator, loan
information, scholarship search, et al.
The
Motley Fool
Consult the Fool for an overview of college savings strategies and
calculators.
College Savings Plans & Prepaid Tuition Plans
(also known as section 529 plans or Qualified State Tuition Plans)
- Earnings on savings invested in College Savings
Plans are tax-deferred for federal purposes. Many states also
offer tax-deferment on earnings or other tax incentives.
- Withdrawals for qualified educational expenses are
not subject to federal income tax.
- Many College Savings Plans offer a variety of
investment options.
- Prepaid Tuition Plans are guaranteed to increase in
value at the same rate that tuition increases.
- College Savings Plans & Prepaid Tuition Plans
may be used at most colleges and universities.
- Plan savings can sometimes be transferred between
family members.
- See also:
Payment Plans
Payment plans are used to divide the cost of one year of college into
even payments. Most plans require ten to twelve monthly payments.
Educational Loans
There are a variety of eduational loans available to both parents and
students. Many of these loans have relaxed credit requirements
and most are unsecured loans.
Financial
Aid
Need-based
financial aid is available at most colleges and universities.
Need-based grants are funded by the federal government, many state
governments, and most colleges.
Scholarship
Search
Are you a left-handed finger painter from Minnehaha County? Is
there a special scholarship for you? Use this free search service to
find out.
|
