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ADHD and the College Student
Attention Deficit Hyperactive Disorder can, in a percentage of children, continue into adulthood. Yet the ADHD diagnosis does not mean that the child cannot go to college. All throughout his or her education, the ADHD child has learn strategies for...
Choosing A College Major
Once you are accepted into a college and begin taking classes, the next step is to decide on a major. Most college graduates change their major several times before they finally pick one and stick to it, so it is important not to get discouraged if...
College branded sweatshirts
What better way to show your support and loyalty to your favorite team than by wearing their college branded sweatshirts every where you go. You do not have to just wear these unique and comfortable sweatshirts to the game. They are great for...
Higher Education: Finding The Right College For You
If you are approaching the end of high school and are ready to begin investigating colleges, there are several factors to consider before deciding what college is right for you. Whether you want to study medicine or painting, accounting or physical...
Stress and Alcohol: How to Avoid Two Major Pitfalls of College Life
Copyright 2005 Linda Slater Dowling
A lot of hard work and planning goes into choosing your college
and then preparing for college life. But although your stacks of
extra-long sheets, dorm-size refrigerators, photos of friends
and family and...
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The Cost Of A College Education
The costs of a college education continue to rise like a hot air balloon and many fear that they will soon be beyond their reach. Some experts have estimated that the cost of an average four year program at a public college or university may cost as much as $100, 000.00 in fifteen years from now. That's a lot of money, regardless of your current income.
The good news is that you can play now to avoid that super-hit later on. You may not be able to control the costs of a college education, but you can find ways to lesson that blow. One way is through a 529 college education savings plan and even if your child does not decide to go to university later on you can roll it over to someone else in the family who does.
A 529 plan is named after its section number in the IRS code is a savings plan for college education and when you open an account you have a number of options to choose from.
Those options include prepaying tuition at a qualified educational institution at today's tuition rates or you can save money in a tax-deferred account that can only be used to pay for education at future tuition rates.
529 accounts work because either your investment earnings will grow to meet the higher costs of future education or you will have already prepaid for your child's college
education. Most people favor the savings account option because they feel that is most attractive but it really depends on your individual finances and your risk tolerance.
A 529 plan is a state-sponsored investment program. That means that your state sets up the plan with an asset management company and you open a 529 account with that asset management company that must live with the state's desired plan features. You still own the account and you designate a child as the beneficiary of that account. All of your dealings will be directly with the asset management company that has been designated to manage the 529 plan for your state.
Depending on the state you live in there will be variances in some of the procedures that you have to follow and conditions on the asset management companies investment strategies. Most plans are very similar but there are no restrictions on which state you choose to invest in so it may be worth your while to check around.
Whatever plan or option you choose a 529 plan will help relieve your worries about how you will ever pay for your child's college education.
About the Author
This article provided courtesy of http://www.university-phoenix.com
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