Tag: college savings
529 plans are savings vehicles tailor-made for college. Anyone can open an account, lifetime contribution limits are typically over $300,000, and 529 plans offer federal and sometimes state tax benefits if certain conditions are met. Here are some common questions on opening an account. Can I open an account in any state’s 529 plan or […]
A college net price calculator–now required by the federal government on all college websites–is an online calculator that attempts to give families an estimate of how much grant aid a student might expect at a particular college based on that student’s financial and academic profile and the college’s specific criteria for awarding grant aid. The […]
Chris is joined this week by frequent co-hosts Mike Burton of Slade Mortgage and Family Law Attorney Susan Huettner. They discuss market conditions, changes in the child support laws, and divorce and college financing. Their discussion dovetails nicely into the second hour conversation with Martha Savery of the Massachusetts Educational Financing Authority (MEFA). Martha discusses […]
What might a 23-year-old recent college graduate, a 45-year-old entrepreneur, and a 60-year-old pre-retiree have in common financially? They may all be hobbled by student loan debt. According to financial aid expert Mark Kantrowitz, the student loan “debt clock” reached the $1 trillion milestone last year.1 And even as Americans have reduced their credit card […]
Chris is joined by financial planner Herb Montgomery. They discuss market news and college planning.