Unlike the case
with prepaid tuition plans, contributions can be used for all qualified higher - education expenses (tuition, fees, books, equipment and supplies, room and board), and the funds usually can be used at all accredited post-secondary schools in the United States.
Not exact matches
There are two main plan types: a
prepaid tuition plan, which lets you pay for
tuition ahead of time based on today's costs, and a «savings plan» that functions like an investment account, growing (and falling)
with the market.
Where to Invest Your College Money The basics of investing for college Investing in a 529 plan Locking in
tuition with a
prepaid plan Other tax - favored ways to save Tax credits for higher education Save in your child's name?
Parents have broad discretion
with the accounts and use
prepaid VISA cards to pay for online classes, textbooks, private school
tuition, and other educational materials like science kits and even educational iPad applications.
The basics of investing for college Investing in a 529 plan Locking in
tuition with a
prepaid plan Other tax - favored ways to save Tax credits for higher education Save in your child's name?
Some
prepaid plans can also cover
tuition for out - of - state schools, as well, but usually
with a penalty.
Why 529s are on the rise The College Savings Plan Network's recent report said that use of 529 college savings and
prepaid tuition plans hit a new record in 2012,
with the average account balance rising 12 % to $ 17,174.
With our
Prepaid Plan, you pay for future
tuition and fees at the current price of the plan that you select.
(Also, make sure not to confuse them
with 529
prepaid tuition plans, which we'll talk about later.)
Thus a good diversification strategy would be to include a
prepaid tuition plan
with your other college saving investments, if only
prepaid tuition plans didn't have such a harmful impact on need - based financial aid.
FinAid's
prepaid tuition calculator compare the effective return on investment of a
prepaid tuition plan
with the after - tax return on investment of alternate investments.
Prepaid tuition plans go towards purchasing semesters at select colleges
with the plan controlling the investment decisions.
With a
prepaid plan, you're paying for a year (or part of a year) of
tuition before you have to, locking in a price.
Most people have heard about the original form of 529, the state - operated
prepaid tuition plan, which allows you to purchase units of future
tuition at today's rates,
with the plan assuming the responsibility of investing the funds to keep pace
with inflation.
US Federal Government Aid US State Government Aid Section 529 Plans:
Prepaid Tuition Plans and College Savings Plans Education Tax Benefits Employer
Tuition Assistance School Financial Aid Office Web Sites
Tuition Payment Plans School - Specific Scholarships and Fellowships Financial Aid for International Students Financial Aid for Canadian Students Financial Aid for Disabled Students Financial Aid for Students
with Learning Disabilities Financial Aid for Female Students Financial Aid for Minority Students Financial Aid for Older and Nontraditional Students Financial Aid for Jewish Students Financial Aid for Gay and Lesbian Students Financial Aid for Graduate School Financial Aid for Business School Financial Aid for Law School Financial Aid for Medical School Contests Domestic Exchange and Study Abroad Programs Distance Learning and Continuing Education Grants Sports / Athletic Aids Specific Majors or Courses of Study Scholarship Lotteries College Partnerships State Residency Requirements (In - State
Tuition) Undocumented Students and Illegal Aliens Financial Aid for Native American Students Private Elementary and Secondary School Aid Education Loans for Private K - 12 Schools Scholarships for Private K - 12 Schools Student Sponsorships and Education Investments What can you do if your parents refuse to help?
With a 529 plan, you have two plan choices - the basic plan and the
prepaid tuition plan.
A
prepaid tuition plan allows you to pay a child's
tuition and fees in advance,
with the intent of locking in today's prices.
With these plans, you
prepay for semesters of college
tuition at today's rates.
Another way to save
with a 529 plan is to use one of 13
prepaid tuition plans offered by 12 states and one not - for - profit organization.