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Saving & Paying

Superfunding a 529

A contribution to your child’s 529 account is, according to the IRS, a gift to your child. This means that it’s subject to annual gift limits: any individual can gift another individual $15,000 in 2021 without reporting it anywhere or paying any taxes on it. In 2022, the limit– or exclusion amount– goes up to $16,000. Anyone who contributes more…

Gifting to Your 529

Tis the season to put your money where your mouth is. Do you always say, “I wish my kids didn’t get so much stuff”?? If so, you can give family and friends another option this holiday season: Making a gift to your child’s 529. Most 529 plans allow you to create a gifting page or link, allowing others to contribute…

Trends in College Pricing and Student Aid

The College Board’s annual Trends in College Pricing and Student Aid report was released recently. Among the headline findings: college tuition prices increased at extremely low rates for the second year in a row, reflecting both a combination of continued impacts of the pandemic and enrollment pressures from demographic trends. Average net prices, adjusted for inflation, are at the lowest…

Podcast on Financial Aid Strategies

I had a great time talking financial aid and FAFSA strategies on the Hack Your Wealth podcast this week. Check it out here. Want to put this to work for you? Sign up for The College Financial Plan Masterclass. You’ll develop a detailed financial plan for college, learn strategies to maximize financial aid and merit scholarships, find out how to qualify…

My College Financial Plan Masterclass has moved to my new website HowToPayForCollege.com
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