by Munn Gray & Associates | Sep 1, 2023 | College Planning, taxes
College students and parents deserve all the help they can get when paying for college or repaying student loans. If you’re in this situation, here are three federal tax benefits that might help put a few more dollars back in your pocket. American Opportunity...
by Munn Gray & Associates | Aug 10, 2023 | College Planning, estate planning, Financial Planning, Helpful Resources
529 plans are best known as a college planning tool, but their reach is much broader in terms of what you can use it on and how it can help in financial planning. Let’s review some of the facts of 529 plans that go beyond paying for your child’s higher education...
by Munn Gray & Associates | Mar 13, 2022 | Budgeting, College Planning
College costs can seem staggering. For the 2021-22 school year, the average annual total cost was $55,800 for a four-year private university and $27,330 for a four-year public university (Source: Trends in College Pricing, 2021). It’s no wonder that students and...
by Munn Gray & Associates | Feb 12, 2022 | Budgeting, College Planning
Out-of-state colleges are significantly more expensive than going to a school in your home state. There are a few factors to consider in deciding if it is worth it: The first factor is cost. According to the College Board, the average cost of tuition for the 2021-22...
by Munn Gray & Associates | Jan 22, 2022 | Budgeting, College Planning
Many students will first handle money without parental supervision during college. To help keep expenses down and avoid conflicts, you might want to develop a budget to guide your child’s spending. As you go through the process, consider the following: Develop a...
by Munn Gray & Associates | Jan 10, 2022 | College Planning
To meet your goal for funding a child’s college education, you typically need to develop an investment plan. One of the more important factors is your child’s age: Children aged 10 or younger — With eight or more years until college, you should be able to fund your...