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Monthly Child Benefits Start in July 2021

 As reported by Jeff Stein in the Washington Post (May 17): “The Internal Revenue Service will on July 15 start delivering a monthly payment of $300 per child under 6 and $250 per child 6 or older for those who qualify. The monthly benefits will be deposited directly in most families’ bank accounts on the…

Who should own 529 Educational Savings Account?

When considering a college student’s eligibility for financial aid, who owns their 529 account makes a difference. Sarah Mouser, writing for Advisor Perspectives explains. “Parent-owned 529 plans are treated differently than grandparent-owned 529 plans when applying for financial aid and completing the free application for student aid (FAFSA).” “When a 529 plan is owned by…

How to Pay for College

Despite presidential campaign rhetoric, it is extremely unlikely that college tuition will be free in the U.S. any time soon (or even in distant future). Remember how much Americans HATE to pay taxes? Taxes are what support our public institutions of higher education. When students complain about minor tuition increases at Utah State (one of…