Forbes recently collected a series of articles written by
William Baldwin, former editor of the Forbes Magazine, into an extremely
valuable “guide” to college finance, available free-of-charge on the
Forbes website.
Subdivided into 21 separate chapters or articles, Paying For College tackles everything from grandparents and mortgages to 529 savings plans
and in-state tuition. The advice is
simple and direct with lots of concrete examples designed to illustrate
strategies for preserving “wealth” in the face of escalating college costs.
“If you are the parent of a college-bound child—of any
age—you should be thinking right now about how your family will finance the
degree,” advises Baldwin, who writes about investment strategies. “The
difference between doing it right and not doing it right could easily be worth
between $10,000 and $200,000.”
It doesn’t matter whether you qualify for financial aid or
don’t expect a dime from the federal government—this guide provides a quick
survey of the “opportunities and pitfalls” that lie on the road to higher
education.
It explains aid formulas, illustrates how relatively
prosperous families can actually receive need-based aid, and offers tax
strategies that apply to families regardless of income.
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