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529 College Savings

I'GradSave Making college savings easy. COLLEGE SAVINGS Will Never Be The Same! HOW SMART AMERICAN FAMILIES ARE USING TAX-FREE 529 PLANS TO SAVE FOR COLLEGE WHY SAVE FOR A COLLEGE EDUCATION BEAT RISING COSTS! SAVE vs. BORROW INCREASE THE LIKLINESS OF GETTING TO COLLEG Today's newborns will have to pay as much as $232,000 $49,397 How many more times students who have a savings plan in their name are likely of attending a 4year college vs. students who do not. for private college and $81,000 for public college, a staggering 11% and 167% increase! If you save $200 a month for 18 years with 6% interest, you'l save $77,470. Conversely, if you borrow $77,470, your payment will be $587.35 a month. Better to save now! Reaping the benefits! 123456780 % of 529 accounts with distributions 20% 529 AMERICANS USED FUNDS FROM 15% 10% 1.4 MILLION 529 Accounts to pay for college expenses in 2011 5% O% 2002 2003 2004 2005 2006 2007 2008 2009 2020 2011 2012 Assets Currently N BLIONS in 529 plans. Total assets in 529 PLANS grew by 4.7% from 2003 to 2011. ($82.49) ($129.94) ($133.41) 164.86 $3.29 $13.15 ($45.77) $5.75 85 2011 83 of 529 Accounts IN MILLIONS) TOTAL NUMBER About 10.74 million 529 accounts are currently open, an increase of 6.6% since 2010! .10:5 2009 2010 2011 AVERAGE BALANCE: $15,368 STATE INVESTING IN A COLLEGE EDUCATION IS A GREAT INVESTMENT! Earn a A college graduate earns on average $19,550 more per year higher more than the average high school graduate. Over alifetime, income! a high school graduate. a college graduate will earn more than $650,000 more than College Graduate $19,550 HIGHER ANNUAL INCOME High School the CROWDFUNDING effect Encourage ten family members and friends to contribute just $25 per month. Encouraging a friend or family member to contribute just $25 per months will amount to $8,000 when your child turns l18 and is ready to go off to college! OR Contribute just $25 per month your self... $8000 at age 18! $25 MONTHLY $80,000 at age 18! Hey! For generations, Americans have used Government savings bonds to save for college. But right noơw, there are over $16 billion What about good oľ U.S. SAVINGS BONDS in Lost or forgotten bonds! It's an old way to save..and most people have no reliable way to track them! 48% parents Would give up their computers and cell phone to save! 47% of parents WILL SACRIFICE TO SAVE fear that their child will graduate college with | 27% | 21% debt! Would give up their cell phones! Would qive up their internet! debt START EARLY! BE READY FOR THE FUTURE! AND WE CAN HELP! I'GradSave Making college savings easy. Start saving now! SOURCES "Gerber Life College Savings Snapshot", Gerberlife, September 2012 "College debt especially costly for parents", azcentral.com, March 2012 "College Graduation: Weighing the Cost.and the Payoff", Pew Research Center, May 2012 College Savings Plans Network, CollegeSavings.org

529 College Savings

shared by SamanthaMcShine on Dec 07
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With college costs rising at 8% annually, experts agree that saving for college is crucial for today’s youth to be able to attend college. That said, there are many factors that contribute to a suc...

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GradSave

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Education
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