Refunds from Eligible Educational Institutions
When the beneficiary of the account is ready for college, you can rest assured that your CollegeCounts savings will be put to good use with a wide range of qualified expenses and eligible institutions.
Apprenticeship & Student Loan Payments
Federal Law Change (December 20, 2019). The Federal Consolidated Appropriations Act (2020) was signed into law by the President. It includes several new provisions related to 529 college savings accounts, effective for distributions made after December 31, 2018:
DISTRIBUTIONS FOR CERTAIN EXPENSES ASSOCIATED WITH REGISTERED APPRENTICESHIP PROGRAMS. Qualified higher education expenses shall include expenses for fees, […]
Investment Change and 529 Tax Law Changes
Here are several important Plan updates:
- Investment Option to be Replaced (read more)
On February 6, 2018, the Cohen & Steers Dividend Value Fund will be replaced in the CollegeCounts 529 Fund Advisor Plan Age-Based, Target, and Individual Fund Portfolios by the DFA U.S. Large Cap Value Portfolio. This will be an automatic change, with […]
Help your kid graduate college debt-free
Today, most parents are saving money for their children’s college education – 72% of them, according to a study by Fidelity Investments. But some 68% of students still graduate school with student loan debt, at an average of $30,000. Here are three ways you can elevate your savings strategy to help your kid graduate without […]
What to do when the tuition bill is due
As summer winds down, parents are getting ready to send their students to college — and to get notices that tuition payments are due.
By now you’ve likely made a list of the various financial accounts that you could use for your student’s education costs. Some of the most common are 529 plans, savings bonds and […]