College Savings Options
Articles
- 529 Plans and Financial Aid Eligibility
Funds in a 529 account may affect the amount of financial aid your child receives. The federal government treats 529 plans as a parent asset if the parent is the account owner. Colleges aren't required to use the federal methodology when distributing aid from their own endowment funds, though most do treat 529 plans as a parent asset if the parent is the account owner.
- 529 Plans vs. Coverdell Education Savings Accounts
To decide between a 529 plan and a Coverdell education savings account, you'll need to compare the two. You can start out by considering contribution limits and restrictions, the federal and state tax issues, and the level of account control/flexibility allowed.
- 529 Plans vs. Coverdell Education Savings Accounts
- Advantages and disadvantages of 529 plans
- Advantages and disadvantages of Coverdell education savings accounts
- Advantages and disadvantages of custodial accounts for college savings
- Advantages and disadvantages of U.S. savings bonds for college savings
- College savings vehicles compared
- Tax-Advantaged College Savings Strategies
- What's the difference between college savings plans and prepaid tuition plans?