529 Plan Options: When To Undo Them

Grandparents, who started 529 plans for their grandkids thinking it will help them qualify for for more financial aid, may find it can actually penalize them.

529 plan options have been a common savings option for many students, parents and grandparents as the costs of higher education have soared. A 529 plan is a tax-advantage savings plan designed to encourage savings for future college costs. A 529 account owned by the parent or a dependent student, either directly or via the Uniform Transfers to … [Read more...]

Canadian Universities: Affordable Degrees for Americans

In many cases, colleges and universities in Canada cost less than the tuition at private colleges or the out-of-state charges at public universities in the United State.

Many American high school graduates looking to attend a top-rated school at lower cost are picking up a passport and heading north for their college years. According to the Canadian embassy in Washington, D.C., an estimated 10,000 Americans are pursuing degrees in Canada; that number is up from 3,500 ten years ago. In many cases, even with extra … [Read more...]

College Budget: Create Your Worksheet Now

Students need to make their money last for several months so that they won’t struggle to pay bills later on.

As a new college student, managing money can be one of the keys to a college financial success. Typically, students receive money in large chunks, either from loans, education savings plans or summer jobs. If a student is managing their money for the first time, it can be tempting to spend big early on. However, students need to make this money … [Read more...]

College: 10 Weird Scholarships

There are a ton of wacky, unusual and just plain weird scholarships out there.

Paying for college can be stressful and overwhelming, but that doesn’t mean it can’t be fun. Did you know that by fully embracing your inner weird factor, you could land yourself some serious scholarship money to help pay your college tuition? It’s true. There are a ton of wacky, unusual and just plain weird scholarships out there. Here are … [Read more...]

May Newsletter 2013: 6 Steps to Determine How Much to Borrow for College

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  Happy May! Congratulations to all the high school seniors who have just made their final college decision! Students and parents should now be preparing a realistic college funding budget for the school year to come. Remember, preparing details now will save you time and stress when summer is over and your first college year begins. In … [Read more...]