A 529 plan is a tax-advantaged college savings plan that allows families to save for their children’s future education costs. Money that is deposited into the plan is invested and grows tax-free. With the rising cost of college education, starting to save early may be a key component to make college affordable for many families in the United States. Many… Read More
Posts Tagged ‘ college ’
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Relief from Student Loan Debt for Maryland Residents
If you live in Maryland and owe student loan debt, Maryland’s Higher Education Commission may provide relief. However, you must act quickly as the deadline to apply is September 15th. The Student Loan Debt Relief Tax Credit went into effect on July 1st 2017. If approved, you may receive up to a $5,000 tax credit. To receive the tax credit, you… Read More
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Five Financial Hacks for College Students
The cost of obtaining a college degree has increased significantly over the last few years. Therefore, it is more important than ever today’s students effectively manage their finances. Here are five financial hacks for college students. Stick to a Budget No matter where your college funding comes from, having a budget will reduce stress, help plan for expenses, and establish… Read More