A plan that allows a family to pre-purchase one part of a college's cost of attendance is called a _____.A.529 checking accountB.529 college savings planC.529 planD.529 prepaid tuition plan

Which of the following is true of the 529 plan?A.It does not guarantee admission to college.B.You do not get taxed on money not used for college expenses.C.You can use it only for four-year colleges.D.Your chances of being admitted to college are higher if you have the plan.SUBMITarrow_backPREVIOUS

A program instituted in a particular state allows parents to prepay their children's future college tuition at current rates. The program then pays the tuition annually for the child at any of the state's public colleges in which the child enrolls. Parents should participate in the program as a means of decreasing the cost for their children's college education.Which of the following, if true, is the most appropriate reason for parents NOT to participate in the program?A) The parents are unsure about which public college in the state the child will attendB) The amount of money accumulated by putting the prepayment funds in an interest-bearing account today will be greater than the total cost of tuition for any of the public colleges when the child enrollsC) The annual cost of tuition at the state's public colleges is expected to increase at a faster rate than the annual increase in the cost of livingD) Some of the state's public colleges are contemplating large increases in tuition next yearE) The prepayment plan would not cover the cost of room and board at any of the state's public colleges.

To whom do you go if you wish to enroll in a prepaid plan?A.A state agentB.A college's financial aid officeC.A brokerD.A federal education agentSUBMITarrow_backPREVIOUS

What can you do if the financial aid package does not cover the total cost of college?A.Get your own apartmentB.Join a sorority or fraternityC.Use personal savings or take out a student loanD.Borrow books for classSUBMITarrow_backPREVIOUS

529 plans are sponsored by all of the following except:A.state governments.B.higher educational institutions.C.state agencies.D.the federal government