College Planning
What's New in the College World?
Submitted by Madison Planning Group on July 17th, 2019
What's New in the College World?
If you're the parent or grandparent of a current or prospective college student, you might be interested to learn what's new in the world of higher education.
Higher college costs
For the 2018-2019 school year, average costs for tuition, fees, room, and board were:
$21,370 at public colleges (in-state)
College Saving: How Does a 529 Plan Compare to a Roth IRA?
Submitted by Madison Planning Group on February 20th, 2018
College Saving: How Does a 529 Plan Compare to a Roth IRA?
529 plans were created 22 years ago, in 1996, to give people a tax-advantaged way to save for college. Roth IRAs were created a year later, in 1997, to give people a tax-advantaged way to save for retirement. But a funny thing happened along the way — some parents adapted the Roth IRA as a college savings tool.
Tax Cuts and Jobs Act: 529 Plans Expanded
Submitted by Madison Planning Group on February 1st, 2018College Board Released 2017-2018 College Cost Data
Submitted by Madison Planning Group on November 28th, 2017How much money should a family borrow for college?
Submitted by Madison Planning Group on October 31st, 2017How can families trim college costs?
Submitted by Madison Planning Group on October 18th, 2017Paying for College - Should You Use Your IRA Funds?
Submitted by Madison Planning Group on August 23rd, 2017Five Common Financial Aid Myths
Submitted by Madison Planning Group on August 17th, 2017
Five Common Financial Aid Myths
With some private colleges now crossing the once unthinkable $70,000-per-year mark in the 2017/2018 school year, and higher costs at public colleges, too, financial aid is essential for many families. How much do you know about this important piece of the college financing puzzle? Consider these financial aid myths.
Kickstart Your College Fund With A 529 Plan
Submitted by Madison Planning Group on July 19th, 2017
Kickstart Your College Fund with a 529 Plan
If you're looking to save money for college, one option to consider is a 529 college savings plan. Created over 20 years ago and named after the section of the tax code that governs them, 529 plans offer a unique combination of features that have made them the 401(k)s of the college savings world.