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Why Save? The cost of college education is rising well beyond the rate of inflation. According to many online calculators the cost of tuition, fees, and.

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Presentation on theme: "Why Save? The cost of college education is rising well beyond the rate of inflation. According to many online calculators the cost of tuition, fees, and."— Presentation transcript:

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2 Why Save? The cost of college education is rising well beyond the rate of inflation. According to many online calculators the cost of tuition, fees, and room and board for a four- year degree in 2028 will be $242,091 for a public institution, $487,328 for private.

3 Make a Plan What is your income? How much of a risk can you take? Do you think you can qualify for financial aid? How much time do you have to save? What are your goals?

4 Savings Plans to Consider 529 Qualified Tuition Plan: College Savings Account 529 Qualified Tuition Plan: Prepaid Tuition Plan Coverdell Education Savings Account (ESA) UGMA/UTMA

5 529 Savings Plans College Savings Account Prepaid Tuition Plan

6 529 Savings Plans College Savings Account Prepaid Tuition Plan

7 529 Savings Plans College Savings Account Prepaid Tuition Plan

8 Cashing Out a Prepaid Tuition Plan 529 Savings Plans

9 Best Candidates for Prepaid Tuition Plans You don’t expect to qualify for financial aid You’re a conservative or novice investor You understand the risks 529 Savings Plans

10 College Savings Account vs. Prepaid Tuition Plan What’s the tax treatment? 529 Savings Plans

11 Who is eligible? What are the contribution limits? College Savings Account vs. Prepaid Tuition Plan 529 Savings Plans

12 Account allocation? Can I change beneficiaries? College Savings Account vs. Prepaid Tuition Plan 529 Savings Plans

13 Are there financial aid implications? College Savings Account vs. Prepaid Tuition Plan 529 Savings Plans

14 Do Your Homework! 529 Savings Plans

15 Beyond 529 Plans Coverdell Education Saving Account (ESA) UGMA/UTMA

16 Beyond 529 Plans Coverdell Education Savings Account (ESA) UGMA/UTMA

17 Beyond 529 Plans Coverdell Education Savings Account (ESA) UGMA/UTMA

18 Developed in cooperation with the

19 College Savings: Course 101 Questions?


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