College Funding

Just because your child is about to enter college doesn’t mean you’ve run out of time to save money. It’s a common myth that if your child is about to head to college or is already in college, then you’ve reached a point when the only thing left to do is take out a few large loans and get ready to bear the burden of tuition.

Section 529 plans are designed to accommodate the account changes that you may need to make over the years. Whether you need to change the account owner or beneficiary, your investment options, or your monthly contributions, here's what you'll need to know.

Tuition is rising and showing no signs of slowing down. We’ll show you one way to save for the future. The cost of educating a college student has skyrocketed, including an increase in tuition, room and board, and fees, not to mention supplies such as textbooks. Add in general inflation and continued cost increases, and by the time your children or grandchildren enroll, you’re likely to face a fairly expensive bill.

You've decided to enroll in a 529 plan to fund your child's college education, but how do you go about doing it? Opening an account is actually quite simple as long as you understand the process. Here is an overview to help you get started.

College costs can be more than a little painful, but with the proper financial planning, you could be whistling your child’s college fight song all the way to the bank. Federal and state financial aid for college students may be shrinking but tuition costs continue to rise at 4 percent to 6 percent a year, according to the College Board, a nonprofit representing colleges and universities. Based on the College Board’s 2006-2007 tuition report, the price of attending a private university for 4.5 years has reached nearly $100,000. If college costs continue to rise at the current rate, in 10 years that number will be over $200,000.