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Investing for College

Posted: Tue Jan 19, 2010 1:03 pm
by KM@SC
What are some good books on investing for college - starting while the kids are still little.

Re: Investing for College

Posted: Tue Jan 19, 2010 2:33 pm
by han
There are 529 plans that looked real interesting. In WA state there is GET (Guaranteed Education Tuition) program that allows you to prepay future tuition at current prices (plus a premium of course). This looks good right now since the state school's tuition has been rising at a pretty fast pace.

Re: Investing for College

Posted: Thu Jan 21, 2010 9:06 am
by KWasserman S&C
I use the G.E.T. program for my 6-year-old nephew. It seems like a good program, although rates went up two years ago from $75 per credit to $101 per credit. But given the chances for inflation, it still could be a very good bet. Credits don't have to be used for college or university only; credits can also be used toward vocational schools, junior colleges, etc., so it's flexible.

Re: Investing for College

Posted: Thu Jan 21, 2010 9:10 am
by KWasserman S&C
For basic investing ideas for investors starting out, check out the "Working Money" article in the upcoming March 2010 issue in STOCKS & COMMODITIES:

"Where Can We Invest?" by Michael Porter
"It’s time to stop seeing this recession as a reason to cut our losses and recognize it as an unprecedented opportunity to turn a profit. It’s time to invest for 2010."

Re: Investing for College

Posted: Thu Jan 21, 2010 10:31 am
by WShawS&C
One thing to watch for with 529 plans is that they are counted as an asset, when applying for financial aid, if they are owned by the parents or the student applying for aid. One workaround is to have a grandparent open the 529 account. Then it will not be counted as an asset and will not affect eligibility for financial aid.

Re: Investing for College

Posted: Thu Jan 21, 2010 11:31 am
by han
WShawS&C wrote:One thing to watch for with 529 plans is that they are counted as an asset, when applying for financial aid, if they are owned by the parents or the student applying for aid. One workaround is to have a grandparent open the 529 account. Then it will not be counted as an asset and will not affect eligibility for financial aid.
Thanks! It is something to keep in mind.

Re: Investing for College

Posted: Tue Sep 24, 2013 3:42 am
by Jhon Kumar
thanks for sharing this. you have done awesome work here.