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College Savings Plans
College Savings Plans, such as Section 529 Plans, are state-sponsored,
tax-deferred savings plans that help families save for college.
- Available to anyone-you can contribute to a Section 529
plan regardless of your annual income or your age.
- Can benefit anyone-you can contribute for the benefit
of a grandchild, niece or nephew, as well as your own child.
- Savings are tax deferred, and withdrawals are tax-free.
- Generous tax
benefits.
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| Child's Age (Years) |
Average Cost1
Private College |
Average Cost1
Public College |
| One |
$257,543 |
$118,312 |
| Four |
$222,475 |
$102,200 |
| Eight |
$183,031 |
$84,080 |
| Twelve |
$150,580 |
$69,173 |
| Sixteen |
$123,884 |
$56,909 |
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Types of College Savings Plans
Prepaid tuition plans:
Your cash contributions buy a specific
number of course units at today’s prices. If tuition
increases, the state pays the difference between the number
of credit hours you bought and current costs-but only
if the student attends an in-state school.
NextStudent Scholar'sEdge™ 529 higher education college
savings plan:
If you’re not sure your child will attend
a state school, this may be the plan for you. The NextStudent
Scholar’sEdge plan gives you the opportunity to contribute
to a tax-deferred account established for the student (known
as the named beneficiary), and invested in a savings vehicle,
such as stock or a mutual fund. The amount available for
college depends on the amount you invest and the rate of
growth-which may or may not be enough to cover school
costs.
To learn more about 529 Savings Plans or to establish an
account, simply tell us how to contact you.
Disclaimer: Information provided by
Laine Schoneberger; a registered representative offering
securities and investment advisory services through MML
Investors Services, Inc, member SIPC. 4350 East Camelback
Road Bldg F150 Scottsdale AZ 85018 (602) 912-0213. Campbell,
Schoneberger & Associates, Ltd. is not a subsidiary
or affiliate of MML Investors Servces, Inc. #051046
Licensing Information: Laine Schoneberger is licensed to sell Insurance Products
in the following jurisdictions: AK, AZ, CA, CO, FL, FA, MD, MN, MO, MS, NV, SC,
SD, TN, TX, VA. He also licensed to sell Securities in the following jurisdictions:
AZ, CA, CO, FL, GA, IA, ID, KS, MD, MI, MO, MT, NC, NM, NV, NY, OH, OK, OR, PA,
TX, UT, WA. He cannot communicate with, nor respond to, requests from users who
reside in jurisdictions where he is not licensed to conduct and/or securities
business.
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