529& Other College Savings Plans for Dummies

Smart advice to help parents keep pace with the skyrocketing cost of a college educationThese days, a college education can easily cost $100, 000, with the bill at some elite colleges topping $150, 000. If costs continue to escalate at current rates, four years at a private college could cost a staggering $350, 000 in 2020. How can all but the richest parents ever save enough? This plain-English guide provides the answers. Focusing on the latest tax-sheltered savings options–the 529 Qualified Tuition Plans and Coverdell Education Savings Accounts, which have spawned more than 2 million new accounts worth $19 billion over the last two years–the book shows people how to determine the right savings plan, calculate the right amount to save, choose the right investment options, and start socking money away. With savvy advice for parents of all income levels, straight talk on what to expect from college financial aid packages, and special tips for families that will have more than one child in college at the same time, this book is an indispensable road map for people everywhere who want to ensure the best possible college education for their kids. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved.