Investing for College

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KM@SC
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Joined: Tue Jan 19, 2010 1:01 pm

Investing for College

Post by KM@SC » Tue Jan 19, 2010 1:03 pm

What are some good books on investing for college - starting while the kids are still little.

han
conributor
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Joined: Fri Jan 15, 2010 10:43 am

Re: Investing for College

Post by han » Tue Jan 19, 2010 2:33 pm

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.

KWasserman S&C
Posts: 16
Joined: Mon Jan 18, 2010 3:22 pm

Re: Investing for College

Post by KWasserman S&C » Thu Jan 21, 2010 9:06 am

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.

KWasserman S&C
Posts: 16
Joined: Mon Jan 18, 2010 3:22 pm

Re: Investing for College

Post by KWasserman S&C » Thu Jan 21, 2010 9:10 am

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."

WShawS&C
Posts: 87
Joined: Mon Jan 18, 2010 7:58 am

Re: Investing for College

Post by WShawS&C » Thu Jan 21, 2010 10:31 am

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.

han
conributor
Posts: 9
Joined: Fri Jan 15, 2010 10:43 am

Re: Investing for College

Post by han » Thu Jan 21, 2010 11:31 am

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.

Jhon Kumar
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Re: Investing for College

Post by Jhon Kumar » Tue Sep 24, 2013 3:42 am

thanks for sharing this. you have done awesome work here.

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