college financial planning

There are several ways to pay for college -- saving money, earning money and receiving money - and chances are, you and your student are thinking about all of them. Even once the tuition is paid, living expenses loom, but by planning well and ahead, you can show your student how to save and spend money responsibly.

Heed our warnings, and you might save you and your student some heartache -- and money.

Are you curious about 529 Plans? A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as "qualified tuition plans," are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.

Here are a few easy steps to start building credit as a college student. This is the first step to long term financial success planning.