Comments on: My Simple College Savings Plan http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: 133 Ideas for international students to save money in university http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/comment-page-1/#comment-215057 133 Ideas for international students to save money in university Fri, 07 Jan 2011 04:22:06 +0000 http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/#comment-215057 [...] 529/ESA plans. Educational Savings Plan offers tax savings on future [...] [...] 529/ESA plans. Educational Savings Plan offers tax savings on future [...]

]]> By: Tips for Saving Money in College | Mother 2 Student http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/comment-page-1/#comment-144642 Tips for Saving Money in College | Mother 2 Student Tue, 27 Jan 2009 02:55:50 +0000 http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/#comment-144642 [...] 529/ESA plans. Educational Savings Plan offers tax savings on future [...] [...] 529/ESA plans. Educational Savings Plan offers tax savings on future [...]

]]> By: 136 Tips for Saving Money in College : BlogInvest http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/comment-page-1/#comment-12205 136 Tips for Saving Money in College : BlogInvest Sun, 13 May 2007 16:17:54 +0000 http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/#comment-12205 [...] 529/ESA plans. Educational Savings Plan offers tax savings on future [...] [...] 529/ESA plans. Educational Savings Plan offers tax savings on future [...]

]]> By: timeoutx http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/comment-page-1/#comment-747 timeoutx Fri, 16 Feb 2007 08:55:58 +0000 http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/#comment-747 Depending on your state I'd also highly recommend a 529. http://clarkhoward.com/topics/529_guide.html For instance where I live (Michigan) I pay no Federal or State Tax on 529 contributions and my state will put $200 in my 529 provided I put $600 in before my kid is 7. Also 529's can be used by adults. My Fiance is a teacher & is required to have 'continuing education'. We'll put her funds in a 529 and save a ton on taxes. Depending on your state I’d also highly recommend a 529.

http://clarkhoward.com/topics/529_guide.html

For instance where I live (Michigan) I pay no Federal or State Tax on 529 contributions and my state will put $200 in my 529 provided I put $600 in before my kid is 7.

Also 529′s can be used by adults. My Fiance is a teacher & is required to have ‘continuing education’. We’ll put her funds in a 529 and save a ton on taxes.

]]> By: NCN http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/comment-page-1/#comment-730 NCN Fri, 16 Feb 2007 01:27:54 +0000 http://www.ncnblog.com/2007/02/14/my-simple-college-savings-plan/#comment-730 Fivecentnickel, If the Hope scholarship is still around, and her grades are okay, then she should get free tuition, thus drastically reducing the eventual total costs. But, I'd rather be "safe than sorry." As we get closer to when she actually goes off to college, I'll have a better understanding of the actual amount I need to save. The good thing about the ESA, you can withdraw money for any educational expense, at any educational level, and you can transfer the money to another family member, if need be. Fivecentnickel,
If the Hope scholarship is still around, and her grades are okay, then she should get free tuition, thus drastically reducing the eventual total costs. But, I’d rather be “safe than sorry.” As we get closer to when she actually goes off to college, I’ll have a better understanding of the actual amount I need to save. The good thing about the ESA, you can withdraw money for any educational expense, at any educational level, and you can transfer the money to another family member, if need be.

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