College

  • College Decision Day

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    Mary G. Morris
    CEO, Virginia529 College Savings Plan
    April 27, 2015

    As college acceptance day approaches for high school seniors,  I have been reading Frank Bruni’s new book, Where You Go Is Not Who You’ll Be, about the “college admissions mania” and thinking about the admissions process.

    Soon-to-be high school graduates – this is for you.  If college is not in your immediate future, stay open to opportunities in the future and know that learning takes many shapes and forms  throughout our lives.

    For those heading straight to some form of higher education – congratulations! As you consider your options this month, remember that where you go does not define you now and it will not control your future.

  • Why Not Pay Sale Prices for College?

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    Nancy Farmer
    President, Private College 529 Plan
    April 6, 2015

    “How come anything you buy will go on sale next week?” – Erma Bombeck

    American humorist and columnist Erma Bombeck died before 529 plans became a common vehicle for families to save for college. But I think she would have approved of 529 prepaid tuition plans. They each offer college education in the future, at guaranteed prices.

    And unlike Erma’s wistful complaint, the 12 states and one private college organization that sponsor prepaid college tuition plans don’t make any secret of when you can buy their products on sale. In fact, they advertise trying to get more and more families to take advantage of the benefits.

    Why use a prepaid tuition plan?  Here are several reasons:

  • Reaching your dreams takes a lot more than a little bit ‘o luck

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    Lucas Minor
    GET Marketing & Communications Manager
    March 16, 2015

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    Many symbols associated with St. Patrick’s Day signify luck. Shamrocks, horseshoes and the color green are often revered as tokens that promise bounties of good fortune. However, while there definitely are times where the cards seem to be more in our favor than usual, good fortune typically takes more than luck alone. In fact, the things we attribute to luck are usually direct results of the efforts we make. As Thomas Jefferson is credited with saying, “I am a great believer in luck, and I find the harder I work, the more I have of it.”

  • I’m Not Worried About Paying for College; My Child’s Going to Get a Scholarship

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    Jim Peterson
    Marketing Manager, Michigan Education Trust (MET)
    March 9, 2015

    During the course of any conversation I have concerning saving for college with a 529 plan, parents will inevitably ask, “What happens if my son/daughter gets a scholarship?” I understand the question; it’s a valid one. Parents are considering investing their hard-earned money and they’re looking at all the possible outcomes that may affect their investment. Those are important questions to ask.

    But, if you’re a parent that’s putting off saving for your child’s education because you believe your child will attend college on an athletic scholarship, let me share a word of caution – the thousands of dollars you spend in supporting your student athlete will, most likely, not translate into college dollars.

  • Statement from College Savings Plans Network on Passage of H.R. 529

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    WASHINGTON, D.C. (February 25, 2015) – Today, the U.S. House of Representatives passed H.R. 529, legislation introduced by Congresswoman Lynn Jenkins (R-KS) and Congressman Ron Kind (D-WI) that would make 529 plans more flexible by making computers an eligible education expense; allowing the redeposit of college refunds without negative tax implications in certain circumstances and updating outdated accounting rules.

  • Create your own strategy to college planning

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    Francesca Nelson
    Public Affairs Officer – College Savings Plans of Maryland
    January 26, 2015

    In Maryland, we recently surveyed more than 1,000 families to see how they are preparing for the rising cost of college. Our research showed that 68% of families who are saving for college believe they will pay for all or part of their child’s college education. Of those not saving, 90% still believe that their child will attend a 4-year university. This financial commitment can be daunting, but not if you choose to plan ahead and do the proper research.

  • President’s College Plan: Well Intentioned with Misguided Funding Strategy

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    Betty Lochner
    Chair of the College Savings Plan Network & Director of Washington State’s Guaranteed Education Tuition (GET) Program
    January 22, 2015

    During Tuesday night’s State of the Union address President Barack Obama proposed some philosophical changes in the road to higher education, including a strategy that provides free community college for all Americans. The idea of creating greater access to higher education to strengthen our country’s economy, workforce and the number of career opportunities for our citizens is commendable and inspiring.

  • From Dream to Reality: Children’s Savings Accounts Build Money and Momentum to Get More Children to College

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    By Lisa Groen
    Senior Writer, Utah Educational Savings Plan
    January 19, 2015

    More than 50 years ago, when the Rev. Martin Luther King Jr. stood on the steps of the Lincoln Memorial and spoke the words, “I have a dream,” he contrasted racial injustice with the U.S. Constitution’s promise of equality and opportunity for all. He called for change, including equal access to education.

    As the nation’s college savings plans continue to work to ensure that King’s dream of equal access is fully realized, they can rely on encouraging data that lends understanding to what may help children attain a college education. William Elliott, a researcher on the topic of children’s savings accounts (CSAs), reports that when children have savings accounts in their names, they are more likely to attend college, regardless of their parents’ personal savings and net worth. A child with as little as $1 to $499 in a CSA is 3 times more likely to enroll and 2.5 times more likely to graduate from college.*  This suggests that designating a savings account for a child’s future college expenses, regardless of the amount saved, may be vital to academic attainment—important information for families considering opening a 529 college savings account.

  • Resolving to Improve

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    By Jodi Golden
    Indiana Education Savings Authority
    January 12, 2015

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    Being a couple of weeks into the New Year, a lot of us are already questioning some of those New Year resolutions we made on January 1. Unfortunately, a large number of Americans struggle with continuing that healthy diet or active exercise regimen. These are vitally important to living a quality life and should certainly be a priority.
    However, another type of resolution frequently made and broken pertains to financial goals. Be it creating an emergency fund, paying off debt or saving for your children’s college education, we all start out with the best of intentions. Unfortunately, they don’t always last.

    In the spirit of encouragement, I’ve found a few helpful tips in an article from U.S. News and World Report* that could ultimately help other areas of your financial life; allowing you to then focus on saving for other important goals such as retirement and education.

  • Saving for College is Easier than Diet & Exercise

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    Betty Lochner
    Chair of the College Savings Plans Network and Director of Washington’s Guaranteed Education Tuition (GET) program

    January 5, 2015

    The new-year is upon us and that means many of us have set resolutions like finding time to exercise more, eat well or accomplish a long-established goal.

    While I see the merit in making resolutions, I’ve never been one to make too many of them. There is one life-changing resolution I did make 15 years ago when I was hired as the Director of the GET program. Believe it or not, my husband and I had not started saving for our children’s college education and I knew if we did not start now we were never going to make it happen. We started small and kept adding to the effort over the years and I am proud to say that both of my kids graduated debt-free! My son recently completed his MBA at the University of Washington and is now a project manager at Microsoft and my daughter followed in her father’s footsteps and is a first grade teacher.

  • Give the Gift of Education

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    Buffy Kuiper,
    Senior Program Specialist
    Education Trust of Alaska 

    The holidays are fast approaching and the town is hustling and bustling with people frantically trying to find the best gifts and deals. With all the “this deal’s for you” noise, how can college savings plans across the country promote the idea of making a gift to a loved one’s college savings account?

    Do all of our friends have college savings plans? Sadly, most don’t. Would the promise of a contribution incentivize a family to open an account? Maybe, maybe not. Is this what parents want and prefer? How can one incorporate the idea of making a child’s college dream a reality this holiday season? It’s not about the amount; it’s about taking action and setting an expectation while changing the mindset from “if” to “when I go to college…” Who wouldn’t want a child to have a bright future?

  • Inspiration and Education as Holiday Gifts: Why Not?

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    By Patricia Roberts
    Managing Director
    AllianceBernstein Investments
    Nov. 17, 2014

    College Board

    I recently returned inspired in so many ways from the College Board 2014 Forum.  I was particularly moved by the FirstGen Student Panel moderated by John Quiñones of ABC News. Like John, these amazing students were the first in their families to attend college. They spoke of their challenging and courageous journeys to and through higher education and the positive impact college is having on them and on those whose lives they touch. The combination of John’s own powerful story and theirs presented a valuable reminder of the vital role that education plays in opening doors and the many rewards that perseverance brings.