Education Funding Options

As the cost of higher education continues to rise, many parents and young people struggle with how to cover the cost of college education. Costs of in state and private schools. What are your options when planning for education funding? 529 Plan- These types of plans allow you to contribute after tax dollars that grow tax free. Qualified withdrawals from the plan are not taxed when used for qualified education expenses. You can choose a savings plan that works similar to an IRA, which allows the student to attend a school of his/her choice. Or, you can choose a pre-paid plan that allows you to pre-pay part or all of the costs of an instate public college education. Life Insurance …

Scholarship Essay Competitions – Three Options

People looking to get funds for higher education have multiple opportunities. If writing is one of your strengths, then you may consider scholarship essay contests. The amount provided will vary from award to award. However, there are several essay contest scholarships. Student-specific options for financial aid include scholarships and grants. These are given on the basis of athletic ability, ethnicity. Essay contests are also such an award. The person entering the contest must have the ability to write an essay. Here are three ways to obtain money for your education: Scholarship Essay Contests 1. Ayn Rand Institute Scholarships This contest requires you to write on the work of Ayn Rand. The institute runs multiple competitions. Here are the details of …