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Top 529 plans from Kiplinger
529 plan, Coverdell Account,
Custodial accounts and IRA info at Upromise
529 College Saving Plan and comparison
with other options at
T. Rowe Price
College Planning Information from
T.
Rowe Price
Caveat Emptor!
Some 529 plans have
much higher expenses than the 1.1% average, some carry front-end loads
too!
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College
1. Search
for colleges at
PrincetonReview.com,
CollegeBoard.com
or Petersons.com
College discussion forums at collegeconfidential.com
Find out four- five- six- year college graduation rates at College Results
Online (collegeresults.org).
2. Financial
Aid: Some ways to increase your chances by contributing more
towards your 401(k), deferring income, postpone
converting traditional
IRA to a Roth IRA.
Financial aid strategies from Money
Get the application for Federal Student Aid (FAFSA) at fafsa.ed.gov.
Apply electronically and in early January.
Scholarships info at FastWeb
Tip: Go to the collegeboard.com
website, type in the name of the college,
then choose the 'cost and financial aid' link to get
stats of merit awards and
need-based aid the institution hands out
Use decoder button at financialaidletter.com
3. Sources of loans:
Loans for students: Perkins loans, Direct
Subsidized Stafford Loans, Direct
unsubsidized
Stafford Loans
Loans for parents: Home Equity loans, Direct
PLUS loans,
Non profit lenders at efc.org
Compare
loans at simpletuition.com, myrichuncle.com
Other: discoverstudentloans.com,
chasestudentloans.com
4. Compare the 4 college saving
tools
a) 529 plan
b) Coverdell Account
c) Custodial accounts (UGMA/UTMA) and
d) IRA's
e) Prepaid plans (like Michigan's MET)
g) I-Bonds
for
a)
tax advantages
b) investment choices
c)
flexibility in using the funds
d)
how it affects college aid
e)
expenses and performance
f) age restrictions
g) income limits
h) ownership/change beneficiary
See info at Upromise
5. Other online resources below.
College Aid: finaid.org
College Help: studentaid.ed.gov,
wiredscholar.com
529 plans: savingforcollege.com
Research:
Embark
Campustours:
Campustours.com
Rebates: Upromise
(rebate towards 529 plan)
Peer-to-peer
college loans: greennote.com, fynanz.com
Other:collegesolutionblog.com
6.
Textbooks:
Varsity, Cheapesttextbooks,
Textbooks,
Amazon,
Barnes
& Noble
Compare at: Bigwords.com,
BestBookBuys
or Cheapestbookprice
Used: Amazon
or half.com
Rent: Chegg.com,
Bookrenter.com
Swap: Swapbooks.com

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