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Obama Hears Our Plea, Drops Proposal to Raise Taxes on 529 Savings Plans


Feb 3, 2015

After widespread criticism from both parties, the Obama administration decided to scrap its proposal to raise taxes on college savings accounts. Just last week, we blogged about President Obama's proposal to "roll back" tax benefits of 529 college savings plans and "repeal tax incentives going forward" for Coverdell Education Savings Accounts. Luckily, that's no longer the case.

According to The New York Times, the decision came just hours after Speaker John A. Boehner of Ohio demanded the proposal be withdrawn from the president's budget, "for the sake of middle-class families." Interestingly enough, top Democrats, including Representative Nancy Pelosi of California, the minority leader, pressed for the repeal. Administration officials initially defended the plan as an [...]

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23 months ago 0 comments

The Young Naturalist Awards Program hosted by the American Museum of Natural History, invites students in grades 7 through 12 to conduct original research in the areas of biology, earth science or astronomy. Students work independently to make observations, record data and illustrate findings before documenting their research in a written essay. The 12 finalists (two per grade) receive [...]

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Saving for your college education early is essential in the quest to actually affording it. And if you're lucky enough to have your guardians and relatives willing to help with college costs, the 529 tuition savings plan was the surest route to take. If you aren't familiar, the 529 tuition savings plan was designed to help parents begin saving for college by providing an investment option that [...]

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The Savage Paul Revere Society's "What Does It Mean to Be an American" Contest is designed to encourage college students enrolled in two or four-year accredited college institutions to study and promote traditional American conservative values. The essay must be approximately 500 words and express respect and love for America.

The contest is open to United States citizens who are 17 [...]

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With a new year comes a new Congress under new-ish management. Republicans will control the Senate for the first time in eight years, while the House of Representative will have its largest Republican majority in since 1928. But what does any of that have to do with higher education? Here are five predictions, courtesy of The Chronicle of Higher Education:

Gridlock will continue. The [...]
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Sure, anything Obama proposes is going to have detractors across the aisle politically. Perhaps due in part to his recent and seemingly more and more frequent use of executive action or just plain old typical partisanship, our president can scarcely do anything these days without intense scrutiny. Naturally, among the chief concerns of Obama’s opponents on the matter is the increase in taxes [...]

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Looking for a way to pay for your college education that includes free money? Well, you’re in luck! Here at Scholarships.com, we provide users with the most relevant scholarships and educational information out there.

By registering at Scholarships.com, you’ll have access to more than 2.7 million local, state and national college scholarships and grants worth $1.9 billion...and did we [...]

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When considering the true cost of a college education, students must remember to factor in not only tuition but mandatory fees, room and board, books, supplies and living expenses. Unless, of course, you’re considering a community college: President Obama recently proposed free community college for all high school graduates for two years! Score!

The concept, according to [...]

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As more and more families across America are affected by Alzheimer's disease, many teenagers as well are becoming aware of this heartbreaking brain disease - from personal experiences in their own families, watching friends and neighbors or involvement in community service.

Recognizing this, the Alzheimer's Foundation of America (AFA), a national nonprofit organization, has created a [...]

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Though it's a day off from school and work, New Year's Day is also a day to get down to business. While you’re starting in on your New Year's resolutions, opening up a new calendar, and packing up the holiday decorations, there’s one more thing that college students and college-bound high school students should do each January. The Department of Education starts accepting the Free Application [...]

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2015 is nearly upon us and Chegg wants to know what your resolution is to making 2015 the best year yet! They're awarding a $1,000 scholarship to the student with their favorite answer! But hurry, the deadline January 31st!

The Contest is open to legal residents of the 50 United States and the District of Columbia, who are: (1) at least 15 years of age, and (2) currently enrolled in [...]

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As a Scholarships.com member, you have free access to a customized scholarship search, detailed financial aid information, an organized college search, standardized test study guides and much more. Like what you see? Spread the word about Scholarships.com to your friends through our “Tell A Friend” Scholarship and you'll have a chance to win money for college - $1,000 for you and $500 for one [...]

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Newsflash: Christmas is just two days away and if you haven't found the perfect gift for that special college student in your life yet, the pressure is definitely on. And if you're looking to spread some Christmas cheer – yes, even "mature" students love presents! – check out our top picks for gifts they might actually enjoy.

Cash GoPro Wireless Bluetooth speakers USB rechargeable [...]
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The Spirit of Anne Frank Awards are given out each year to students, teachers and citizens who have proven themselves exceptional leaders in their communities. This leadership is exhibited in their desire and drive to combat intolerance, prejudice and injustice.

The work and dedication shown by these applicants should be at such a level to enact lasting change, such as: helping [...]

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The transition from high school to college is most evident to students when they realize they’ll no longer be coddled in cozy classes of 20 students or fewer. Lecture halls with 300-plus students are the norm at most major universities, where classes tend to be impersonal, relationships with professors are typically nonexistent and students feel more like numbers than people. So for those who [...]

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Winning money for college is great but doing so without having to meet astronomical word counts and double-digit page requirements is even better. Lucky for you, the folks at Niche couldn't agree more and have launched the $2,000 No Essay Scholarship.

The scholarship is open to all students and those planning on enrolling within 12 months. The monthly winner will be determined by [...]

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When it comes to earning a college degree, attending a four-year university may not be the surest route to a successful career: Depending on what you're interested in pursuing, a two-year or technical certificate can offer a better return on your investment. According to the Bureau of Labor Statistics, careers in fields such as health care, manufacturing and information technology offer median [...]

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The John F. Kennedy Profile in Courage Essay Contest is the nation's most prestigious honor for elected public servants. The Award was created in 1989 by members of President Kennedy's family to honor President John F. Kennedy and recognize and celebrate the quality of political courage that he admired most.

The Profile in Courage Essay Contest invites high school students to [...]

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In October 2012, the University of Chicago launched UChicago Promise, an initiative aimed at helping high school students in the city of Chicago gain admission, pay for and succeed in college. The cornerstone of the program is the commitment from the university to eliminate loans from financial aid packages of students from Chicago who are admitted.

Recently, the University released [...]

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How much you end up spending on room and board will vary greatly depending on the school you attend and how flexible you are in terms of your choice of housing. And with the average cost for room and board for the 2014-2015 school year hovering around $10,000, considering schools with more affordable options may be essential to managing your college budget. Check out the list below from U.S. [...]

25 months ago 0 comments Read More

Looking for a way to pay for your college education that includes free money? Well, you’re in luck! Here at Scholarships.com, we provide users with the most relevant scholarships and educational information out there.

By registering at Scholarships.com, you’ll have access to more than 2.7 million local, state and national college scholarships and grants worth $1.9 billion...and did we

[...]
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The Girls Impact the World Film Festival, presented by the Harvard College Social Innovation Collaborative (SIC) and Connecther, is a film festival and scholarship program in which high school and undergraduate college students submit 3-5 minute short films that focus on a variety of global women's issues, including maternal health, microfinance initiatives, child-marriage, sex-trafficking, [...]

26 months ago 0 comments Read More

With the holiday season almost upon us and winter break just weeks away, you might want to start considering how you'll spend your free time. And while working and internships are ideal, winter break also provides you with the opportunity to read for pleasure. There are a range of benefits gained from non-required reading that are not confined to just reading ability: Leisure reading has shown [...]

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The Young Patriots Essay Contest is designed to challenge high school students to creatively solve problems in the realm of public policy through the art of writing. Controversial topics are assigned each year and only three winners will be chosen. The topic of this year’s essay contest is: “According to the four required readings. What policy changes should the government pursue in order to [...]

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For the budget-conscious high school senior, it seems like a no-brainer to apply to the local state school for the best shot at affordable tuition. But that's not always the case: Depending on where you live, an out-of-state college may be even cheaper than your home state university. Don't believe us? Check out the list below from U.S. News and World Report for the top 10 public colleges with [...]

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