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ERIC Number: ED508270
Record Type: Non-Journal
Publication Date: 2009-Aug
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
The Effect of Alternative Savings Approaches on College Aid. Opportunity and Ownership Facts. Number 15
Maag, Elaine
Urban Institute (NJ1)
To pay for college, many low- and moderate-income students and their families rely on financial aid and savings. How students and families save--and in whose name--affects both the tax consequences and the impact of savings on financial aid. Choosing the wrong way to save can raise the out-of-pocket costs of college by thousands of dollars. Alternately, saving for college can result in tax penalties if families do not use tax-preferred savings for education. This fact sheet describes how taxes and financial aid formulas affect college savings. (Contains 3 notes and 1 figure.)
Urban Institute. 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5687; Fax: 202-467-5775; Web site: http://www.urban.org
Publication Type: Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: College Board; Spencer Foundation
Authoring Institution: Urban Institute