Learning how to manage your finances early on in college can save you time, stress, and money later. And it’s the best way to prepare for unexpected college costs–such as a once-in-a-lifetime study abroad opportunity or that tropical Spring Break vacation you want to take with your roomies.
You thought you were doing the right thing by investing in a 529 plan to save for your child’s college. But what if your student receives a scholarship that covers most, if not all, of his or her college expenses?
Who wouldn’t love to pay less for their college degree? Check out this slideshow from US News Education to find out how you can save on college costs and make your money go farther once you’re enrolled.
Many prospective and current college students don’t realize that their income and assets are taken into account when they apply for financial aid, just like that of their parents. So should students be worried about earning too much money and receiving less financial aid if they have a job?
A 529 plan is an investment plan that allows families to put aside money tax-free and use it to pay for educational expenses later. It sounds like a great idea, but it’s not the right choice for every family and could actually reduce your eligibility for financial aid later. Read on to learn about the benefits, drawbacks, and things to consider before investing in a 529 plan.