0
Where can I go to get some information on the 529 college savings plans?
Wiki User
∙ 9y ago
A 529 college savings plan is a savings plan that is operated by a state or educational institution. You can find out more information at the following website: www.savingforcollege.com/intro_to_529s/
Wiki User
∙ 9y ago
Nurudeen Yusuff
Add your answer:
Earn +20 pts
What are the best types of college savings plans?
www.savingforcollege.com might help you get some insight into college savings plans. Or perhaps you can simply visit your own bank or financial insitution for additional information.
What is 529 college savings plan?
The best place to start would be to talk to your college adviser. They have plenty of information about 529 college savings plans and are ready to answer questions. Here is some information:http://www.savingforcollege.com/intro_to_529s/what-is-a-529-plan.php
Where can I find some tips regarding 529 savings plans?
The 529 college savings plan is an excellent tool for saving for your children's future. Financial guru, Clark Howard, offers numerous tips on 529 plans on his website at www.clarkhoward.com. Look for his guide to 529 plans. The SEC has an excellent resource on the legalities of the 529 savings program. You can find more information at http://www.sec.gov/investor/pubs/intro529.htm.
What are the best college saving plans?
Some of the best college saving plans require a long time planning before hand. There are some savings plans at the bank that take minimal amounts from your bank account every month and transfer it over and then it starts to grow with interest.
Where can I get the best college savings?
The website http://money.cnn.com/magazines/moneymag/money101/lesson11/index.htm gives some good tips about saving for college. If you are interested in a 529 plan, check http://www.kiplinger.com/tools/best-529-college-savings-plans/ for some recommendations.
What savings plans are specially designed for retirement?
There are many savings plans available that are specially designed for retirement. Some examples of these savings plans include Dreyfus, Wells Fargo Retirement, and FTSBBank.
Where can I get some more information on 529 college plans?
There are many great online websites that have information concerning 529 college plans. A great one I have found is http://www.savingforcollege.com. This website has everything you need to know about many different types of loans.
What are some ways to finance my education?
There are many savings plans that help you save for college. You can get these at any banking institution. If that is not an option try scholarships, grants and school loans.
Where can one find information on child savings?
One may find information child savings from the official web site of Bank Of Montreal. They have some good programs that are designed for children to learn about savings accounts and provide government sponsored account to save for future college education.
What are some college savings funds plans that are effective?
Some college saving funds plans that are effective are to start early and depost a small amount in it every year and preferably several times a year. Encourage grandparents to add to it instead of buying a large gift and even allow the child to save up their change to be put into the fund later on.
12 Questions About Prepaid Savings Plans?
College tuition can be burdensome if you do not prepare for it beforehand. It takes careful planning to minimize the cost of college education and truly it is but wise to start saving for this purpose early in your life. You can accomplish this important goal through prepaid savings plan for your college tuition. So, how can this be achieved? Unknown to many high school students and low-income families, there are prepaid tuition plans available for them to participate in. These plans or programs are also called Prepaid Education Arrangements (PEAs) and the way they work is that families can purchase public in-state education at current prices for their sons and daughters who plan to pursue their college education. This is advantageous for families and students because college tuition inflation will not affect their pre-purchased education. How many types of prepaid savings plan are there? There are two plans available for aspiring college students and their families or sponsors: a units plan and a contract plan. With a units plan, you can buy portion of your tuition units, which are usually measured in credit and semester hours. A contract plan is more flexible than a units plan because it allows you to purchase tuition contracts for one year and all the way up to five years. Both plans can be paid in installments or in a lump sum. What are the beneficial advantages of prepaid savings plans? State governments assured purchasers of prepaid savings plans that they will match any increase in in-state tuition amount at any given year. Upon knowing which college you will attend, you may start your safe investment in prepaid savings plan. Realize that these plans for the most part outmatch the interest compounded in your savings or CD accounts so they are indeed the best choice in preparing your loved one for college. What are the drawbacks of prepaid savings plans? There are a few drawbacks, however, with prepaid savings plans. First, these plans are limited to state residents so they restrict your choices of college or university to attend. Prepaid savings plans cannot be transferred or used if you decide to enroll in a private or out-of-state college or university and some plans basically cover your tuition cost only, not your board and lodging, or even your books. Once you start paying for your prepaid savings plan, requesting a refund or cancellation is imprudent because it can result in stiff penalty and also of loss of interest. Now that you know the pros and cons of prepaid savings plan, evaluate your situation and make an informed decision about your educational future. It’s not too early to plan for your college education. Your decision today will surely enhance your life’s outlook so make your choice and don’t delay any further. Source: http://www.collegeboard.com/parents/pay/scholarships-aid/21391.html
Does Scotiabank online offer competitive interest rates?
With around five different savings plans to choose from Scotia definitely offers competitive interest rates. Some of their plans are as follows: a daily interest savings account, power savings account, money master savings account, and a money master for RSP's account.
