Gehen Sie mit der App Player FM offline!
How to Pay for College in 3 Phases, Ep #222
Manage episode 434195040 series 2394299
How do you begin to save for your children to go to college? With the rising costs of college education, is it worth the monetary commitment?
Including tuition & fees, room & board, books & supplies, etc. the average cost of college is anywhere from $27,000 for an in-state public school up to $80,000–$90,000 a year for an Ivy League School.
How you pay for your student’s college is one of the most important financial decisions you’ll ever make. In this episode, we cover the three phases of saving for college and what you need to pay attention to in each phase.
Outline of This Episode- [1:53] Why college? Is it necessary?
- [2:41] Average cost of college
- [4:42] Phase #1: The Saving Phase
- [10:02] Phase #2: Preparing for college
- [20:44] Phase #3: In-college strategies
- [22:57] Summarizing the big points
- The Retirement Podcast Network
- Social Security – Lifetime Earnings of College Graduates
- Morningstar – How to Choose a 529 Plan
- The FAFSA Application
- IRS – American Opportunity Tax Credit (AORC)
- IRS – Lifetime Learning Credit
- Independent Education Consultants Association
- US News – Qualified 529 Expenses
- Charles Schwab – 529 to Roth Rollovers
224 Episoden
Manage episode 434195040 series 2394299
How do you begin to save for your children to go to college? With the rising costs of college education, is it worth the monetary commitment?
Including tuition & fees, room & board, books & supplies, etc. the average cost of college is anywhere from $27,000 for an in-state public school up to $80,000–$90,000 a year for an Ivy League School.
How you pay for your student’s college is one of the most important financial decisions you’ll ever make. In this episode, we cover the three phases of saving for college and what you need to pay attention to in each phase.
Outline of This Episode- [1:53] Why college? Is it necessary?
- [2:41] Average cost of college
- [4:42] Phase #1: The Saving Phase
- [10:02] Phase #2: Preparing for college
- [20:44] Phase #3: In-college strategies
- [22:57] Summarizing the big points
- The Retirement Podcast Network
- Social Security – Lifetime Earnings of College Graduates
- Morningstar – How to Choose a 529 Plan
- The FAFSA Application
- IRS – American Opportunity Tax Credit (AORC)
- IRS – Lifetime Learning Credit
- Independent Education Consultants Association
- US News – Qualified 529 Expenses
- Charles Schwab – 529 to Roth Rollovers
224 Episoden
Semua episode
×Willkommen auf Player FM!
Player FM scannt gerade das Web nach Podcasts mit hoher Qualität, die du genießen kannst. Es ist die beste Podcast-App und funktioniert auf Android, iPhone und im Web. Melde dich an, um Abos geräteübergreifend zu synchronisieren.