A White House idea to end tax-free 529 benefits resulted in a 180, with passage of a House bill to expand the college savings option.
Parents worried about how they’ll pay for their kids’ college educations can rest easier. The White House has backed off a proposal to tax 529 plan earnings.
Going to college is an expensive proposition. Need-based financial aid and scholarships help, but many students and families will rely on student loans in meeting the Expected Family Contribution (EFC) for college expenses. I’m conflicted about President Obama’s initiative to expand the number of former students who qualify to have their student loan burden reduced.
Looking at financing college for the parents this year’s freshman class.