Coverdell ESA – The Best Way to Save for K-12 Education Coverdell ESA (formerly called Education IRA) is the most attractive way to save for K-12 expenses, including UGMA/UTMAs and mutual funds. However, there are income requirements that preclude some upper-income families from participating. Coverdell ESA Primary Benefits for Families Coverdell ESA, in addition to […]
Assessing Campus Security
While your child may be eager to visit colleges to check out the dorms, the study and athletic facilities, the food and the social atmosphere, what shouldn't be overlooked is the level of security provided on campus. Most high school students would not rate this as one of their primary concerns when considering which college to attend, which is why it is often up to their parents to ask important questions about the safety of where their children may be spending the next several years.
A Bigger Tax Break on Tuition for College
Who wants more tax breaks? Everybody.Who deserves a greater tax break on the cost of college tuition? All current and future college parents and that means you, the members of College Parents of America.One of our greatest priorities in the coming months will be to push in Congress the dual notion of greater tax deductibility for the cost of college, and universal eligibility for taking advantage of those deductions.
Overview Prior to 529 plans, UGMA/UTMA was the most tax efficient manner to save for college and transfer wealth to children and grandchildren. UGMA stands for The Uniform Gifts to Minors Act, and UTMA stands for The Uniform Transfers to Minors Act. UGMA and UTMA are virtually similar in all respects. Purpose of UGMA/UTMA UGMA […]
Understanding University Success
At College Parents of America, we strive to provide valuable resource information to our members, as well as vigorous advocacy. While many of my recent columns have centered around some of the key advocacy issues that we are focusing on – to serve you – here in Washington, DC, we also work to benefit you […]
Financial Literacy for Parents and Students
Dear Parents:When your children leave home for college, they will face a host of new experiences and responsibilities. As a parent, you recognize that now they will be "on their own" to tackle life's basic functions - at the same time that they are adjusting to a new environment and new freedoms. To help your student in this transition, he/she should know the "financial facts of life" before opening that first checking account or making that first purchase on credit.
The Road to Reauthorization
What is the Higher Education Act and, more importantly, why should you care about its upcoming reauthorization?
The Path to Influence
Last week, in this column, I wrote about the upcoming “road to reauthorization” for the Higher Education Act, certain provisions of which are already being considered in the U.S. House Education and the Workforce Committee, chaired by Rep. John Boehner of Ohio.
A Guide To Living For Empty Nesters
By the time we reach a little beyond middle age in our lives, chances are all of our kids have grown up and gotten out of the house, and this means that the feeling of having an empty nest may settle in and make you emotional. It is incredibly emotional to watch your children who […]
How to Develop Good Spending Habits in College
Balancing fun and finances is never easy, especially in college. During these memorable years, students should balance their education and social lives.So, what exactly is the best way to ensure you’re setting yourself up for a healthy financial future during and after school? For the most success in developing great spending habits and making intelligent […]