» College Savings Plans

Understand 529 College Savings Plans

Learn pros and cons of popular Sec 529 plan.

What is a 529 College Savings Plan? You likely know at least some of the basics: it’s an education savings plan designed to help families set aside designated funds for eventual college..

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Financial Aid Friendly College Savings Plan

Whole life insurance based savings plan

All college savings plans and strategies are not equal. For some families, the 529 Plans make the world of sense, primarily for the tax advantages and not qualifying for Whole Life...

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Simple College Savings Calculator

Easy and most accurate manual calculator.

Make no mistake about it, college is expensive. According to the College Board, the annual cost of tuition at a four-year, in-state public institution for the 2011/ 2012 academic year is..

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Learn to Manage the Unmanageable Costs of College!

College Savings Plans

College Savings Plan These days, college education costs can easily equal the cost of a small mortgage. On average, tuition is increasing about eight percent per year, which means the cost of college doubles every nine years.Can you comfortably spend up to $180,000 PER CHILD on his or her college education?

That means if you have a child today, he or she is facing costs of more than three times this year’s rates when college time rolls around. Look at these daunting statistics:

  • Average private college tuition costs more than $38,000 a year.
  • Ivy League and other prestige colleges can set you back even more.
  • College tuition costs are soaring over 8 percent annually.
  • You must save $600-$1,000 a month PER CHILD, depending on the age of the child.

Speak to BeamaLife at (800) 554-7822 about a whole life Insurance based college Plan – which will not figure into college financial aid calculations – and our version of 529 College Savings Plans or complete an information request form now.