Looking for additional ways to help cover the cost of tuition? Follow this link to read more.
If you are eligible to claim an education credit on your tax return, it could reduce the amount of tax that you owe by up to $2,500 per tax return. The two education credits that are available are the American Opportunity Credit and the Lifetime Learning Credit.
Now that you have started your career, you (hopefully) need to make a decision about how to allocate your excess savings. Should paying off your student loans be a higher priority than contributing to your employer-sponsored 401(k) or 403(b) plan?
Created in 1996, Section 529 plans offer a tax-advantaged vehicle for college savings. This article will explore the pros and cons of the plans and contrast them with other available savings options.
Most articles about college planning focus on advice for parents or other adults who expect to pay the cost for a younger person's education. But what about the beneficiary who plans to attend college?