Our model, How America Spends, has been tracking the purchasing behavior of 135 million U.S. households since 2014. This model is not a black box – it is a data file representing the spending of 135 million households on goods and services since 2014.
It's important to stay informed regarding the latest updates to 529 college savings plans, for both current account holders and prospective savers. In recent years there have been significant changes, including The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act in December of 2022, which helps enhance the flexibility and benefits of 529 plans.
Our college-ranking system is based on the economic value created for students. It is not another rehashed list of colleges, sorted by SAT score.
How do you develop a plan when you don’t know what to plan for? That is the question faced by every family with a child ready to apply for college. But that plan need not be made in a vacuum.
If you were told that someone would offer you $750 for indebting each of your clients’ children, you would think they had lost their mind. But this is how student lenders operate.
Weighty issues need to be considered before making expensive college commitments that could easily be disrupted in the coming months.
Planning for college and determining how to fund it is difficult in the best of times. But during a recession, it can be… a blessing? We’re not kidding, and here’s why.
Putting income into a college savings account is a no-brainer. Like anything, the execution requires planning and financial expertise.
Over the course of 20+ years, families have been bamboozled into spending trillions on top-end colleges, while overlooking the fact that it's actually the academic major that is far more important.
College is expensive. We all know that – and that is why parents come to financial advisors to talk about how they’ll pay for it. What you and your clients’ families may not be aware of is that the posted tuitions are rarely the price anyone pays. College tuition discounts vary widely and the methodology used to calculate tuitions is not disclosed by any college.
