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529 Plans

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Neha Leffler

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Cards in this guide (24)
What is a first generation college student

It refers to the first individual in a family to attend a college or university.

What is the total amount of money students can borrow under the Perkins Loan

27,500

When is the enrollment period for a 529 college savings plan

Year around

How often do colleges update the estimated cost of attendance on their websites

Colleges typically update cost of attendance every year. You should be skeptical of any school that doesn't update it. You should be able to find COA (cost of attendance) on a college's financial aid page. Also, keep in mind that they are estimates, and the cost on your fall/spring bill may be different than the posted COA.

What is a plan that locks in tuition prices at eligible colleges and universities is known as

Prepaid tuition plan

What should you do with the money left over after all monthly expenses are paid

Put into a savings account.

What it called when you receiving scholarship money to play basketball

Merit Based Aid

What is the difference between a prepaid tuition plan a college savings plan

one covers all college expenses, while the other covers only tuition

What does the 529 plans may be sponsored by all of the following except

K through 12 school districts

What identify the knowledge and skills needed to follow a pathway toward a career goal

career clusters

What is a characteristic of the college savings plan

it is administered only by states

Which of the following is a characteristic of someone with a strong work ethic

Answer this question…Which of the following is a characteristic of someone with a strong work ethic?

What plan or plans is knowing the withdrawal restrictions important

both 529 plans as well as the coverdell education savings account

What is a plan that covers all qualified higher education expenses is known as the

college savings plan

How many minutes do students have to complete the aspire writing test

30

A 529 prepaid tuition plan and a 529 college savings plan can be applied to all of the following except

Elementary and secondary schools

All of the following are sources of grant funding except what

the NCAA and the NIT Clearinghouse

Another term for a 529 plan is

Qualified tuition plan.

The amount of money you make on the college savings plan investment is dependent on

For apex it's "the market performance of the investment"

To whom do you go to if you want to enroll in a coverdell education savings account

A financial advisor.

Most work-study jobs are typically located

on the campus of the college the student attends!

The career cluster that contains Securities and Investments is

Finance

What is The best way for a student from a low-income background to secure funding for college is to receive .

a need-based

Can a 529 Plan be transfered to the Coverdell Education Saving account

If you move money from a 529 account into a Coverdell Education Savings Account, you pay taxes and a penalty. It is only tax free if you move money FROM a Coverdell ESA to a 529 plan.

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