Education Planning

It's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his or her choice or...

Many parents pay for college with a combination of current income, savings, and financial aid. By learning the basics of financial aid, you'll be able to understand how the aid process works and compare the aid awards your child receives. What is financial aid? Financial aid is...

What is it? A Coverdell education savings account is a tax-advantaged educational savings account that you can establish for a child under the age of 18 (this limit does not apply to beneficiaries with special needs). The child does not need to be your dependent. Contributions...

What is it? A prepaid tuition plan is a type of qualified tuition program (the other type is a college savings plan) established under Section 529 of the Internal Revenue Code. Prepaid tuition plans can be offered either by states (called state-sponsored prepaid plans) or by...

What is it? When you take out a loan to pay for college or graduate school, you must repay that loan at some future date. If you find yourself in the position of having to budget every month for a student loan payment after graduation, you...