Tag: College
Falling Behind On Student Loans? There are Options
(Photo credit: Occupy* Posters) The Consumer Financial Protection Bureau has partnered with the U.S. Department of Education to release a new web tool for borrowers who have fallen behind on their student loan payments. The tool should help borrowers learn about their options. It’s never a good idea to just ignore the problem. Student loan […]
Prepaid College or 529 Savings Plan – Which is Best?
For the past 10 years I have been paying into a prepaid college plan. Every month I have been sending in $61.38. Saving for college for your children is a necessary expense I am glad to do. But I have thought if I have been doing it the best way. What are the options for saving for […]
Should You Move Your UGMA/UTMA Accounts to a 529 College Savings Plans
“The biggest reason is tax savings.” says John Wiggins of WhatIsA529Plan.com, “All the earnings from investments in a 529-plan account are tax exempt, while only a portion of the earnings in a UGMA or UTMA account are tax exempt.”Both UGMA and UTMA accounts, together generally referred to as UGMA accounts because they’re so similar, […]
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