Give the Gift of Higher Education This Holiday Season
Open a ScholarShare College Savings Account and Start Saving for Your Child's Future College Tuition Costs
(firmenpresse) - SACRAMENTO, CA -- (Marketwire) -- 12/17/12 -- , California's 529 , can relieve some of the stress of holiday shopping by recommending the perfect present for a young person in your life -- either starting or contributing to a in their name.
A 529 college savings account helps parents and other relatives with rising future . ScholarShare recommends saving early so they can avoid getting hit by these large college fees. In general, fees are rising faster than the rate of inflation and paying those high fees often requires parents or students to take out expensive loans. California's 529 college savings program can play a major role in a comprehensive .
The first step you can take to help your child is to open a . Through the "" option on ScholarShare's website, any gift giver can open an account for as little as $25. And if your favorite loved one is already on the path to college, you can contribute to an existing account with the "Gift of Education Certificate," allowing for a personal message to be included for the beneficiary.
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.
College savings specialists are available for phone and in-person consultations to answer questions. Online resources are available on our website, .
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 the IRS code under which they were created, 529 plans offer valuable tax advantages. Contributions are made with money that has already been taxed. Once funds are placed in the account, any investment earnings are not taxed. As a result, any funds withdrawn from the account to pay for qualified college costs are not subject to federal or state income taxes.
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: 17.12.2012 - 19:13 Uhr
Sprache: Deutsch
News-ID 213496
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Education Aids and Products
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"Give the Gift of Higher Education This Holiday Season"
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