Those who understand interest earn it, those who don’t, pay it! Are student loan rates really what they seem?

Einstein said: “Those who understand interest earn it, those who don’t, pay it.” Which are you; the earner or the payer? Check out this student loan being charged 2.9%. This person told me they were not in a hurry to pay back this loan because the interest rate was so low. But the rate is […]

June 18, 2012 · Jennifer · No Comments
Tags: , , , , , , , ,  · Posted in: 529 vs 7702, COLLEGE SAVINGS PLANS, Interest VOLUME, Student Loan Rates, STUDENT LOANS

IRC 529 vs IRC 7702 – Saving for College

First of all, what is a 529? (It is the Tax code governing college savings plans) The 529 college savings plan is a state sponsored, tax-advantaged tool that is offered so families can save specifically for qualified higher education expenses for their children. Personally, I do not like to call them ‘savings’ plans due to […]

December 23, 2010 · Jennifer · 6 Comments
Tags: , , , , , , , , , , , , , ,  · Posted in: 529 vs 7702, A different way of saving for college