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Student Savings Account: A Concise and Precise Guide

February 25,2013 by: Dallas Browne

Student Saving account is held at a financial institution, principally with characteristics of security and interest rate up to a modest level. Students, in daily life, face expenses for purchase of books, spend their pocket money on trips, dinners, fun time and miscellaneous. Students have a very handy amount of money, so obviously they are unable to afford high account fee and surcharges. On the other hand if they have a piggy bank, they will be tempted to take out the cash given a chance. Further, money saved in piggy banks do not give any interest hence, even if saved, … (more) February 25, 2013

How to save money for your children’s college tuition

May 25,2012 by: Dallas Browne

Every young couple dreams about having children. When they come into the family, the joy is enormous. However, it is recommended to start thinking about your child’s future life as soon as possible. A child will need a lot of money, especially when the college is fast approaching. A recent study showed that a child will need around $100,000 for following college studies at a national University, while the private universities will cost around $250,000. This means a lot of money that you have to save in order to be sure that your child will take advantage of higher education … (more) May 25, 2012

Planning higher education? Saving for college is the most sensible option

March 29,2012 by: Dallas Browne

If your objective is to pursue higher education, then saving for college is the most sensible thing to do. Savings will ensure that the student does not have to borrow money for education through a loan, Federal or private lenders, and thus not be bound by the terms and conditions dictated in the loans. The terms and conditions usually dictate the duration of lifetime that the student is supposed to have in repaying the loan, and also the terms of repayment including the loan fees and the loan interest rates. Saving early for college is thus the responsibility for every … (more) March 29, 2012

A systematic savings plan will help you save for your child’s college expenses

February 10,2012 by: Dallas Browne

College education in the US is at an all time high. Annual fees for even the most basic degree are nothing less than thirty to forty thousand dollars a year. As a result it is very difficult for students from the middle income families to afford a college education in the United States. The management and other professional degrees are known to cost even more than the arts and science degrees. This is because students are known to get recruited immediately upon completion of their degree programs. While there are many loans which you can apply for if you wish … (more) February 10, 2012

Saving for College – The Basics of 529 Plan

December 30,2011 by: Dallas Browne

The best way to prepare for a college degree is to save for it. While there are now many different ways to obtain financial aid in order to pursue a college degree, it always pays off to prepare and save for it. 529 plan is a savings plan aimed for education. It is operated by the state or the educational institution. Its name came from the Internal Revenue Code’s section 529 that states types of savings plans back in 1996. Most states now offer 529 plans. They may differ in features and benefits. For as long as you satisfy a … (more) December 30, 2011