Even if your child won't be in college for at least a few years, check out the many types of prepaid tuition programs that exist - especially if you're looking to pay today's tuition rates. Many times, participants pay for their child's college tuition from the day they are born until the day they enroll. Participants pay a fixed price for tuition based on the rates at that time, while tuition rates increase for non-participants.
Each state that features a prepaid tuition plan will have specific guidelines. There are usually two ways to save:
Prepaid unit plans allow buyers to purchase a fixed percentage of tuition. Plan participants pay the same price for each unit and the price of a unit increases each year. There is no limit on the number of units you can purchase.
Contract plans (also known as guaranteed interest plans) allow the parents to purchase a specific number of year's tuition. The purchase price depends on the child's age, if there is a lump sum payment involved, or if there are monthly installments.
The advantage of a contract plan is that it offers lower rates for younger children because the state holds onto your money longer.
Check your state's rules & regulations for the plan you are considering.
For a list of telephone numbers, and links to the web pages of operating programs, click here. For some states, the plan may have been terminated or the plan information is not readily available. For more information, please contact the individual programs.
Savings plan trusts are investment accounts where parents cultivate their child's education funds. Participants can make deposits of as little as $25 and programs usually guarantee a minimum rate of return. An advantage to this type of funding is the freedom to apply the savings to any college or university.
A savings plan trust, unlike a prepaid tuition program, does not guarantee the current tuition rate regardless of a rise in those rates.
Some states have residency requirements. These states often require that either the participant or the beneficiary be a state resident when the student is first enrolled in the program. The states that do not have such a requirement are open to non-resident investors.
|State||Phone Number||Web Address|
|District of Columbia||800.987.4859||http://www.dccollegesavings.com/|
|Tennessee||N/A||Terminated 529 Plan in 2015|
|Wyoming||N/A||Terminated 529 Plan in 2006|
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June 18, 2019
Harvard revoked more admissions offers - this time involving 10 students who participated in a Facebook group called "Harvard memes for horny bourgeois teens." Jokes about abusing children and the Holocaust and insulting comments about different racial and ethnic groups were found in the group, according to Inside Higher Ed.
Earlier this month, Harvard also rescinded an admission offer to Kyle Kashuv who, when he was 16 years old, used inflammatory and racist language, including the N-word, right before the Parkland shooting at his school, Stoneman Douglas High School. The shootings have since "changed him and made him more mature," he claims. Kashuv became famous for his conservatism, pro-gun and pro-Trump activism which he believes, represent a different view on how to prevent future, like tragedies.
In a recent Twitter post, he apologized for his past comments and stated that, "We were 16-year-olds making idiotic comments, using callous and inflammatory language in an effort to be as extreme and shocking as possible...I'm embarrassed by it, but I want to be clear that the comments I made are not indicative of who I am or who I've become in the years since." Shortly thereafter, Harvard looked into his case and eventually revoked his admissions offer. Though university personnel appreciate his "candor and expressions of regret," Harvard "takes seriously" the "qualities of maturity" and of "character" of the students it admits. Despite appealing the revocation, Kashuv was turned down. In his defense, Kashuv argues that, "throughout its history, Harvard's faculty has included slave owners, segregationists, bigots and anti-Semites. If Harvard is suggesting that growth isn't possible and that our past defines our future, then Harvard is an inherently racist institution. But I don't believe that. I believe that institutions and people can grow. I've said that repeatedly." In your opinion, should Kashuv have had his admissions offer revoked based on something he did when he was 16? Why or why not? [...]
June 11, 2019
A Wiccan Professor at St. Bonaventure sued the university and her alma mater for discrimination, alleging that she was not allowed to advance in her career because she is a woman and a witch. The reported discrimination began around Halloween in 2011, after she was asked to conduct an interview about her Wiccan beliefs with the university's student TV station, SBU-TV. [...]
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In honor of LGBTQ Pride Month this June, Scholarships.com is recognizing the success of, and providing financial aid resources to the lesbian, gay, bi-sexual, transgender, and queer community and its allies through featured LGBTQ scholarships. These colorful LGBTQ scholarships are not only intended for those who identify as LBTQ or are questioning, but are available to LGBTQ parents and allies, as well. Below is a preview of LGBTQ scholarships that were created to provide economic mobility and equality for LGBTQ students and allies who may face unique challenges on their educational journeys. For even more LGBTQ scholarships, Parent LGBTQ scholarships or LGBTQ Ally scholarships, visit here. [...]