College Admissions: Looking Behind The Curtain

College Admissions: Looking Behind The Curtain

A blog by Rachael Fishman on the New American Foundation’s website entitled “The Dark Side of Enrollment Management" has created quite a storm in higher education. It has also angered a lot of parents. The article reported that George Washington University has been lying about its admissions practices for years. They have actually even admitted it. To make matters worse, other reporters on higher education are discovering that GWU’s deceptive practices are being emulated by many other private colleges across…

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IRS Code Sec 529 Plans Can Shrink Your Education Savings

IRS Code Sec 529 Plans Can Shrink Your Education Savings

Since many of you currently own or are planning to purchase an IRS Code Sec 529 plan, here are some important ownership, tax, distribution, ownership and investment issues which you need to be aware of: 1. Tax Issues Parents with sizable balances in their 529 Plans often make the serious mistake of paying the full amount of their qualified education expenses out of it. This could cause you to lose valuable tax deductions and/or tax credits. To qualify for the…

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