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Why Save?

Why Save?. The cost of college education is rising well beyond the rate of inflation. According to many online calculators the cost of tuition, fees, and room and board for a four-year degree in 2028 will be $242,091 for a public institution, $487,328 for private. . Make a Plan.

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Why Save?

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  1. Why Save? The cost of college education is rising well beyond the rate of inflation. According to many online calculators the cost of tuition, fees, and room and board for a four-year degree in 2028 will be $242,091 for a public institution, $487,328 for private.

  2. Make a Plan • What is your income? • How much of a risk can you take? • Do you think you can qualify for financial aid? • How much time do you have to save? • What are your goals?

  3. Savings Plans to Consider • 529 Qualified Tuition Plan:College Savings Account • 529 Qualified Tuition Plan:Prepaid Tuition Plan • Coverdell Education SavingsAccount (ESA) • UGMA/UTMA

  4. 529 Savings Plans • College Savings Account • Prepaid Tuition Plan

  5. 529 Savings Plans • College Savings Account • Prepaid Tuition Plan

  6. 529 Savings Plans • College Savings Account • Prepaid Tuition Plan

  7. 529 Savings Plans Cashing Out a PrepaidTuition Plan

  8. 529 Savings Plans • You don’t expect to qualify for financial aid • You’re a conservative or novice investor • You understand the risks Best Candidates for Prepaid Tuition Plans

  9. 529 Savings Plans • What’s the tax treatment? College Savings Account vs. Prepaid Tuition Plan

  10. 529 Savings Plans • Who is eligible? • What are the contribution limits? College Savings Account vs. Prepaid Tuition Plan

  11. 529 Savings Plans • Account allocation? • Can I change beneficiaries? College Savings Account vs. Prepaid Tuition Plan

  12. 529 Savings Plans • Are there financialaid implications? College Savings Account vs. Prepaid Tuition Plan

  13. 529 Savings Plans • www.savingforcollege.com • www.collegesavings.org Do Your Homework!

  14. Beyond 529 Plans • Coverdell Education SavingAccount (ESA) • UGMA/UTMA

  15. Beyond 529 Plans • Coverdell Education Savings Account (ESA) • UGMA/UTMA

  16. Beyond 529 Plans • Coverdell Education Savings Account (ESA) • UGMA/UTMA

  17. Developed in cooperation with the

  18. College Savings: Course 101Questions?

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