Group of five young adults preparing their resumes for finance industry positions

Article Summary: Working a career in finance requires long hours, lots of schooling, and a strong mathematical inclination. For those with the chops, these careers can pay off handsomely thanks to high salaries and tons of benefits. But unfortunately, not everyone’s cut out for the work. Working a finance career path can provide personal and […]

California State Capitol building

Article Summary: Most Americans should not expect student loan forgiveness from the Biden administration anytime soon. However, if you’ve worked in the service industry, have a total disability, or if you were defrauded by a for-profit college, you may be eligible for partial or total loan forgiveness. Despite campaign promises in April 2020 by then-candidate […]

Glass jar of coins and rolled dollar bills with a small graduation cap on top and an open book in the background

What is a 529 Plan?

Article Summary: A 529 plan is a government-sponsored savings and investment account that offers significant tax benefits. This plan can only be utilized for what the government considers qualified education expenses. The 529 accounts were devised to help individuals pay for higher education and college tuition. Typically 529 plans will offer tax-free growth and tax-free […]

Young woman looking questioningly to the side

Article Summary: A college coach, such as Parents Countdown to College Coach, can help you navigate the college admissions process if you find it too complicated or confusing on your own. However, not everyone needs to hire one to get into a good school. Preparing for college can be a daunting time for high school […]

Piggy bank wearing a graduation cap with crumpled dollar bills in front

Is a 529 Plan Worth It?

Article Summary: In most cases, a 529 plan is definitely worth the effort. 529 plans are government-backed savings and investment plans that allow parents, guardians, or family members to save for education while receiving major tax benefits. Although 529 plans can be used for different types of education, most of the time they’re used for […]

Family at a table putting a graduation cap on a toddler while the child plays with coins in a mason jar

Article Summary: A child can have multiple 529 plans within one state or across different states to help pay for his or her college education. There are currently no rules and regulations limiting the amount of 529 plans one can have. However, a 529 plan cannot support more than one beneficiary at a time. Whether […]

Hands holding a calculator while writing in a notebook behind stacks of coins

Article Summary: A 529 plan can affect a student’s financial aid package, but how much of an impact depends on who owns the account, the type of aid applied for, and when withdrawals occur. Although a 529 plan will affect federal financial aid eligibility to some degree, there are important nuances to consider. With more […]

Stacks of coins with graduation cap on top and a blue book in background

Article Summary: Grants are a form of financial aid given by one party, usually the government, an NGO, or a corporation to an individual or organization. In the case of education grants, they are provided to students with exceptional financial needs. Grants usually do not have to be paid back, but there are a few […]

Piggy bank wearing a graduation cap with crumpled dollar bills in front

529 Plan Tax Benefits

Article Summary: A 529 plan is an investment account that provides tax benefits when withdrawals are used for qualified higher education expenses. This investment account has tax breaks that each state determines individually. A 529 plan acts similar to a Roth plan in which the investment grows on a tax-free basis and can even be […]

Stacks of coins with graduation cap on top and a blue book in background

Article Summary: The 529 investment plan covers qualified expenses for higher education and even K-12 programs. When using the plan to cover these expenses, account holders receive certain tax advantages for withdrawing funds that pay for books, tuition, and even food costs of higher education. These advantages apply to both federal income tax and state […]

students talking about work-study programs on campus steps

Article Summary: Federal work-study helps college students with financial needs get part-time jobs. Work-study can help them earn money, gain related experience, and still go to school. You can apply for work-study on your FAFSA (Free Application for Federal Student Aid). Many students can only pursue the degree or training programs they choose by taking […]

dentists discussing patient xray

Article Summary: The vast majority of dental students have to take out student loans to pay for their schooling. In 2021, the average dental school debt was just over $300,000. It typically takes dental school graduates 10–25 years to pay off their student debt. But there are loan forgiveness programs and repayment plans in place […]

three lawyers, two females standing and trying to look intimidating, one male seated with friendly, calm facial expression

Article Summary: More than half of law students have to take out loans to attend school, and they graduate with debt. The average law school debt is $160,000. Student loans for law school can take between ten and 30 years to pay off. There are various forgiveness programs and repayment plans that can help with […]

College building

Article Summary: Private and public colleges differ in their tuition cost, funding methods, class size, and educational opportunities. When choosing what university to attend, it’s best to consider your personal educational goals rather than price alone. Both types of institutions have their pros and cons, so be sure to consider all of your options before […]

Man sitting at a table holding documents and looking at computer screen

Article Summary: While you can use some personal loans to pay for college expenses, it’s generally not a good idea. Most personal loan lenders prohibit the use of their personal loans for tuition expenses to avoid having to follow stricter lending regulations. Federal and private student loans generally offer more favorable loan terms and repayment […]

Man signing a document on his phone on top of physical documents

Article Summary: A master promissory note lays out the terms, details, and conditions of your student loan and lists your information, the school’s information, interest rates, a repayment plan, and more. You will sign a different master promissory note based on which student loan you take out. Financial aid from your student loan cannot be […]

Federal student aid application under $100 bills

Article Summary: Student loans and scholarships are two of the most popular types of financial aid. While student loans must be repaid after a student leaves school, scholarships are considered free money and typically don’t need to be repaid. The cost of higher education has risen dramatically over the past decade. In 2022, the average […]

pharmacist at work

Article Summary: Pharmacy school graduates in the United States carry an average of $170,000 in student loan debt. This average is larger than that acquired completing many other doctorate degrees, including law degrees. Loan repayment and forgiveness plans, as well as loan refinancing, can reduce the debt or make it more manageable for many graduates. […]