Today, most parents are saving money for their children’s college education – 72% of them, according to a study by Fidelity Investments. But some 68% of students still graduate school with student loan debt, at an average of $30,000. Here are three ways you can elevate your savings strategy to help your kid graduate without […]
As summer winds down, parents are getting ready to send their students to college — and to get notices that tuition payments are due.
By now you’ve likely made a list of the various financial accounts that you could use for your student’s education costs. Some of the most common are 529 plans, savings bonds and […]
Does it make sense to use a cash-back credit card to help save for college? It can, for consumers with the discipline to pay off their card balance each month.
A small number of credit cards offer cash-back rewards that can be deposited directly into a 529 college savings account, the popular state-sponsored accounts that offer […]
MONTGOMERY, Ala. (April 19, 2016) – CollegeCounts, Alabama’s 529 Fund, will celebrate 5/29 Day (May 29) with a second annual statewide giveaway that focuses on babies born in the month of May. Thirty-one winners will be selected at random to receive a $529 contribution to an existing or newly opened CollegeCounts account.
“This promotion was put […]
Exciting 529 Changes
The President signed HR 2029 on December 18th which included the following positive 529 changes:
- Computation of Earnings – multiple accounts with the same account owner and beneficiary are no longer required to be aggregated for tax reporting purposes. This change impacts account owners (i) with multiple accounts in CollegeCounts or in CollegeCounts […]
American families continue to believe that college is an investment in a child’s future. With more than 12 million accounts open nationwide, 529 college savings plans have proven to be a successful way for families to make that investment. These plans are manageable, affordable, and tax-advantaged and can be used towards qualified expenses at colleges, […]
By Young Boozer, Treasurer, The State of Alabama
Comedy writer Gene Perret once said, “What a bargain grandchildren are! I give them my loose change, and they give me a million dollars’ worth of pleasure.” It’s true that as a grandparent, you can literally hand over pocket change or one-dollar bills during visits – and your […]
In honor of observance, Alabama State Treasurer urges families to plan for the future
Today marks the start of College Savings Plans Network’s third annual “College Savings Month,” an observance in which 529 programs across the nation, including Alabama’s CollegeCounts 529 Fund, educate families on 529 savings plans and the importance of opening and contributing to […]
By Young Boozer, Treasurer, State of Alabama
From my own experience – and those of countless others – it goes without saying that having a child is something for which you can never truly prepare. No matter how many books you read, how many other parents you consult or how much you think you’re ready for […]
Thirty-One Newborns Across Alabama Receive a Collective $16,399 in CollegeCounts Savings Starter Funds from Treasurer’s Office
— Families of babies born in May 2015 recently notified that they will each receive $529 in account contributions —
Montgomery, Ala. (Aug. 18, 2015) – Alabama State Treasurer Young Boozer today announced statewide winners of the CollegeCounts Alabama’s 529 Plan promotion, held in honor of 5/29 Day (May 29). A total of $16,399 in starter […]