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Celebrate College Savings Month By Opening An Account Today

September is officially College Savings Month!

Of course, if you’ve got a CollegeCounts 529 account, this is probably a topic that’s already near and dear to your heart. But the importance of saving for college is a message that still needs to be spread.

According to research from Sallie Mae, 86 percent of parents […]

2017-09-22T13:56:18+00:00 September 21st, 2017|

The Best College Savings Plans, 2017

By NELLIE S. HUANG, Senior Associate Editor
From Kiplinger’s Personal Finance, September 2017

These state-sponsored 529 programs offer tax breaks, low fees and well-managed portfolios.

Helicopter parenting may not be all bad. Those hovering moms and dads, who like to weigh in on which teacher or coach their child gets, seem to be just as passionate […]

2017-08-14T13:33:06+00:00 August 14th, 2017|

So I’ve Signed Up for a 529 Plan. What Next?

Setting up a CollegeCounts 529 savings plan is easy. The whole process only takes about 10 minutes, and all you need is your information, the name and social security number of the beneficiary (ie: future student), as well as your bank information.

Once that’s done, some of you may be thinking, “What’s next?”

Simply put, don’t let […]

2017-08-14T11:05:42+00:00 August 14th, 2017|

Grandparents: Start Contributing Today to a 529 Plan

When you’re blessed with grandchildren, all the joys of having little ones come flooding back to you—the precious moments, the new discoveries, the unforgettable firsts, and everything in between.

But just as it was with your own children, you have to help plan for their futures. And that starts as soon as they’re born.

There […]

2017-07-13T12:29:01+00:00 July 13th, 2017|

Saving Big This Tax Holiday? Consider Saving for College.

You might not find it on your calendar, but Alabama’s Back-to-School Sales Tax Holiday is July 21-23 this year.

No matter what you choose to shop for during this year’s Tax Holiday, we hope that the CollegeCounts 529 program will be on your mind—for a couple of reasons. Of course, back-to-school shopping is close to our […]

2017-07-13T10:18:55+00:00 July 13th, 2017|

Help your kid graduate college debt-free

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 […]

2017-01-09T10:36:09+00:00 January 9th, 2017|

What to do when the tuition bill is due

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 […]

2016-11-11T08:57:54+00:00 August 17th, 2016|

Using a Credit Card to Save for College

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 […]

2016-08-19T17:52:44+00:00 June 3rd, 2016|

Treasurer Announces 2nd Annual Statewide Giveaway – Babies Born in the Month of May 2016

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 […]

2016-08-19T17:53:27+00:00 April 19th, 2016|

New in 2015: Computers now an eligible expense

Exciting 529 Changes

The President signed HR 2029 on December 18th which included the following positive 529 changes:

  1. 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 […]
2016-08-19T17:54:15+00:00 December 29th, 2015|