Be Thankful for Avoiding College Debt
This Thanksgiving, Earn the Gratitude of Your Child by Saving for Their Future College Tuition Costs
(firmenpresse) - SACRAMENTO, CA -- (Marketwire) -- 11/19/12 -- , California's 529 , believes families can add a college future for their children to the list of things they are thankful for by opening a new college savings account. A college savings fund can help cover a child's future college tuition bills, providing peace of mind to the child's parents during this holiday season.
ScholarShare wants every student to be able to pay for higher education, so the first step you can take to help your child is to open a college fund. Regular monthly contributions are as easy preparing cranberry sauce from a can. It takes only $25 to open a new .
Many families bear the burden of college tuition costs without a comprehensive , but fees are rising higher than what most hard-working families can afford. To obtain a higher education, many students have to borrow. Often the amount of money students need to borrow is more than their future earnings. The more families can save in their , the less their children may have to borrow, helping them begin their working life with a potentially better financial future. ScholarShare has the tools to make it easier than ever to contribute to their child's or loved ones' future .
ScholarShare offers flexible features for anyone interested in starting a college savings plan. Any US citizen, or resident alien with a valid Social Security Number or Taxpayer Identification Number, can open a new account on behalf of a beneficiary. Funds can be used at any eligible educational institution in the nation, and some abroad, for a variety of qualified higher education expenses, including mandatory fees, books, supplies, or even certain room and board costs.
Online resources are available on our website. And through the "Give a Gift" option, any gift giver can open an account for children of all ages or contribute to an existing account. Parents should use Thanksgiving as a time to discuss with your family that instead of toys for their child this upcoming Holiday season, give a gift of a college education. College savings specialists are available for phone and in-person consultations to answer questions.
ScholarShare accounts may be opened with as little as $25 per investment portfolio. ScholarShare has no annual account maintenance fee, no income limit and offers a high maximum contribution limit of $350,000. Established in 1999, ScholarShare currently holds more than $4.5 billion in assets in more than 241,000 accounts as of 9/30/2012. To sign up for an account or for more information about the plan, visit . For information about the SIB, visit . Like ScholarShare on Facebook at and follow us on Twitter at .
Named for the section of IRS code under which they were created, 529 plans are highly regarded for their tax-advantaged status. Any earnings on investments can grow tax-deferred. Withdrawals, when used for tuition and other qualified higher education expenses, are federal and state income tax-free.
The ScholarShare 529 College Savings Plan Twitter and Facebook pages are managed by the state of California.
TIAA-CREF Tuition Financing, Inc., Program Manager.
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Datum: 19.11.2012 - 22:39 Uhr
Sprache: Deutsch
News-ID 205190
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SACRAMENTO, CA
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Education Aids and Products
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"Be Thankful for Avoiding College Debt"
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