Ideas & Insights

What Counts as a Qualified Expense for a 529 Plan

August 30, 2018, No Comments by Kimberly L. Curtis

After years of saving for college in your 529 plan, the day has finally arrived that you need some of that money to start school. You have control of how much money you withdraw from your 529 account and what to spend it on. However, before you feel flush in cash, it’s important to know what is covered as a “qualified” expense.

How to Use a 529 to Pay for K-12

August 28, 2018, No Comments by Kimberly L. Curtis

As of January 2018, parents can now use their 529 plans to pay for private K-12 tuition. Originally designed for college, 529 plans allow tax-free earnings growth and tax-free withdrawals when the funds are used to pay for expenses that meet the requirements. That now includes private school tuition.

How Home Equity Impacts Financial Aid

August 15, 2018, No Comments by Kimberly L. Curtis

When approaching college financial aid for the first time, it can be difficult to navigate. Many parents wonder if their home equity is a factor in the FAFSA (Free Application for Federal Student Aid) and whether it impacts their student’s aid. For the majority of colleges that require the FAFSA, the value of your home and your mortgage payment will not affect your student’s financial aid.

Can a 529 Plan Hurt Your Financial Aid?

July 22, 2018, No Comments by Kimberly L. Curtis

Many people worry about whether a 529 Plan will impact their eligibility for financial aid. It will impact your aid, but may help you more than it will hurt. Understand the advantages of a 529 Plan and its minimal impact on financial aid.

Is A College Degree Worth It?

July 13, 2018, No Comments by Kimberly L. Curtis

As the cost of higher education continues to climb, is the cost for a degree worth it? Some of the most successful people in the world dropped out of college. The answer is tricky and it depends.

Figuring Out Financial Aid

February 22, 2018, No Comments by Kimberly L. Curtis

If you have a student in the process of applying for colleges, you understand the heavy price tags that come with many colleges. If financial aid is something you are considering, we have compiled a list of facts that will be important to know.

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