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How much can one contribute to a 529 plan?
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Total 529 plan contribution limits are set by the states and can be as high as $380,000. However, to avoid gift tax consequences, federal law allows single taxpayers to contribute up to $14,000 in one year or make a lump-sum contribution of $70,000 to cover five years
What?s the difference between a college and a university?
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1 Answers
Colleges offer only undergraduate degrees while universities offer graduate degrees as well, but the terms are often used interchangeably.
Why is community college a good option?
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1 Answers
Community colleges offer lower costs, easier admission policies, close ties to state schools, and many of the required courses connected to a degree.