Another College Saving Plan Resource
Today there are many different types of plans with benefits for qualified education expenses. If you’re like me, it’s good to have as much help as you can when it comes to planning for your child’s education.
I’ve stumbled across another resource from Morningstar.com that you can use add to your arsenal of information. You may need to sign up as user for their website; however they have a free registration section so you don’t need to purchase anything to see the information detailed below.
To see a point-by-point comparison of college funding vehicles in PDF format, click here. This table shows the differences in contribution levels, income-tax breaks, investment choice, how the money can be used, who controls the assets, and financial aid implications among the various plans.
Having all of this information is an easy to read one page document to reference along with Delaware’s online College Savings Toolkit is exactly what I needed to know to make the best choice for my family.