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Saving and Paying for College

For many families, a college education is the single biggest investment they will make. We can help you make sense of your options, whether you’re just starting to save or are looking to pay off student debt. In this series, Prudential provides tips and strategies for saving, financing, and paying for college, as well as managing student loan debt.

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SAVING FOR COLLEGE Winning the College Savings Race

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We take a comprehensive look at strategies to help parents and grandparents reach a college savings goal. Included in this paper:

Savings and Investment Vehicles

7 Strategies for Parents

7 Strategies for Grandparents

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Related Content

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SAVING FOR COLLEGE Timeline to Save and Pay for College

INFOGRAPHIC

There are strategies you can put in place no matter where you are in your college funding journey, from expecting parents to those with teenagers.

SAVING FOR COLLEGE Multiple 529 Accounts - Animation

If parents have more than one child, consider creating multiple 529 accounts spanning multiple children.

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Wondering about the cost of a 4-year in-state public university in 2037?

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529 Plans

 

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SAVING FOR COLLEGE Is a 529 the best way to pay for college?

According to James Mahaney, vice president, Strategic Initiatives at Prudential, “The most important actions parents can take to reach a college savings goal are to start early, automate regular contributions into a tax-preferred account...and adopt an appropriate investment strategy” that minimizes taxes while maximizing investment returns.

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SAVING FOR COLLEGE 529 Plans: Assessing the Stable Value Option

Q. Should your 529 plan offer a principal-preservation investment option to plan participants?
A. Almost certainly.

Q. Should that option be a stable value fund?
A. Again, almost certainly.

Discover why more 529 plans are including a stable value fund as an investment alternative to money market funds.

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PAYING FOR COLLEGE Planning for College Expenses in Uncertain Times

ARTICLE

Amidst continued market volatility, here are things to consider if you’re concerned about college savings.

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PAYING FOR COLLEGE A Practical Guide for Families

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An undergraduate degree can cost a family nothing or in excess of $200,000. Learn what you can do to keep the cost down.

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TEST YOUR KNOWLEDGE Paying for College Pop Quiz

Both parents and students need guidance to help reduce out-of-pocket expenses, student-loan debt, and more. Download this quiz and test your knowledge   PDF Opens in a new window.

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Financial Aid

 

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PAYING FOR COLLEGE FAFSA Financial Aid Timeline Helps Those Paying for College

In October 2016, the financial aid process changed for millions of families who are sending their children to college.

FAFSA - Important Dates to Know

FAFSA - Important Dates to Know

Earliest filing date for next academic year aid October 1
Financial information included in the form Actual
Income and tax year basis Two-year lag
Process for inputting financial information Automated option

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MANAGING STUDENT LOAN DEBT Student Loan Repayment – Options to Pay Off Debt

GUIDE

This guide examines options available to families to help them pay down and pay off student loan debt.


FEDERAL
LOANS
 


PRIVATE
LOANS
 


WORKPLACE
LOAN
ASSISTANCE

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MANAGING STUDENT LOAN DEBT Student Loan Debt: Implications on Financial and Emotional Wellness

GUIDE

For many college graduates, student loan debt is a source of financial and emotional stress.
This guide highlights best practices to help you make smart choices before you make the big decision.

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If you are having to go into crazy amounts of debt for a degree, go to a cheaper school.

 

Brad, graduate still paying on student loans

Apply for private scholarships and grants. Free money is always a good thing! Look into which career fields offer loan forgiveness.

 

Elena, graduate still paying on student loans

There are plenty of options available to help with college costs besides student loans, but if that’s the right choice for your specific situation, be diligent about paying them off as quickly as you’re able instead of just making the minimum payments.

 

Alexis, graduate with student loans paid off

Try to get a part-time job so at least you know you are making some money, either using it for personal need or saving to pay back the loan. Work-study is a good choice

 

Eric, graduate with student loans paid off

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MANAGING STUDENT LOAN DEBT Why Employers Are Adopting Student Loan Assistance Programs

REPORT

As the burden of student debt affects a growing majority of the workforce, employers are adding student loan assistance programs to their benefit offerings.

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Student Loan Debt and Your Retirement

 

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How Parents’ Student Loan Debt Impacts Their Retirement Security

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Managing student loan debt can help improve the long-term financial wellness of American families.

What parents with debt would have done differently:

 

 

What parents with debt would have done differently: 53% would have saved more, and 44% would have planned for college education better.

 

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The Growing Impact of Student Loan Debt on Retirement Security

The median worker with a bachelor’s degree earned $57,252. The median worker with a high school diploma earned $34,736.

 

NRRI

Looks at how the retirement security of both students and parents may be at risk when households are burdened with student loan debt.

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To speak with a Prudential Financial Professional about college savings

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