Tag: College Planning
Maximizing FAFSA Benefits: Understanding Dependency Status for Your College-Bound Child
The Free Application for Federal Student Aid (FAFSA) is a crucial resource for families navigating the often overwhelming cost of higher education. By providing access to federal grants, loans, and work-study programs, FAFSA helps make college more affordable. However, one
Do your chores or there will be NO MONEY in your retirement account!!!! ~ DAD
First off, review this list of answers and accept how incredible this idea is, to both fund college, make your kids earn it, and do it all in a tax-advantaged way: Yes, income earned in the home can be put
529 College Planning: 102
Types of 529 plans This is one of the largest hang-ups for savers. A history of misinformation and contamination between different types of 529s has generated several misnomers. Simply put: 529 plans are usually categorized as “prepaid tuition” or “college
529 College Planning: 101
The Origin on 529s The origin story of the 529 program goes back to the Michigan Education Trust (MET) in 1986. A state-run program that supported colleges saving devoid of state income taxation. 529 plans are named after Section 529
