Pennsylvania is investing in its future by giving every newborn a $100 toward college.

Image by Cari Dobbins from Pixabay

*****************************************************

Recommended For You

PlayPix Enterprise

The elite version of the drag/drop amazing cloud video creation app.

IM Checklist Volume 4: Affiliate Marketing With PLR

IM Checklist Volume 4 - 19 Step by Step Affiliate Marketing Checklists With Video Training and Private Label Rights

Commission Shortcut TITANIUM PRO

Commission Shortcut is YOUR shortcut to automated affiliate commissions in 3 simple steps! 100% Cloud based app and done-for-you campaigns!

*****************************************************

Americans owe $1.4 trillion in college debt. That’s more than they owe on car loans or credit cards.

College debt holds people back from being able to buy a home, start a business or save for retirement. It also means that many new graduates are forced to enter careers they don’t like just to stay afloat.

Many are burdened with massive student loan debt because their parents contributed little to their educational expenses. According to Forbes, 80% of college students get little to no financial assistance from their parents.

While it’s understandable that some parents simply don’t have the means to help their adult children with educational expenses, for others, it’s due to a lack of planning.

The state of Pennsylvania is giving parents a head start on saving for college with its new Keystone Scholars program. The Pennsylvania treasury is investing $100 for every baby born or adopted after December 31, 2018 to be used for the child’s future higher education expenses.

All parents have to do is open a PA 529 account to receive the $100 deposit. A 529 account is a great savings tool because it allows people to invest pre-tax money and pull it out tax-free as long as it’s used for educational expenses.

While $100 compounded over 18 years isn’t going to get the kid a free ride to Harvard, setting up the account puts parents in the saving mindset. Parents who receive the $100 initial deposit and then contribute $100 a month over 18 years will hypothetically save $38,000 for college expenses.

*****************************************************

Recommended For You

SociTrafficJet - Unlimited Site

BRAND NEW 1-CLICK IDIOT PROOF SOFTWARE THAT DRIVES 100% REAL UNLIMITED TRAFFIC FROM FACEBOOK, TWITTER AND INSTAGRAM HANDS FREE

Stockocity 4K 2000 3840x2160 Stock Videos Developers License

Stockocity 4K Developer - 2000 3840x2160 fully licensed stock videos with Developers License.

Traffic Victory

Simple method to generating first page rankings and free traffic in any niche as a total newbie.

*****************************************************

These days we are hearing a lot of talk from Washington about possible student loan debt forgiveness or free state college for all. While those potential programs are giving people a lot of hope, it’s best to start saving now because you never know what the future holds.

Original Article : HERE ; This post was curated & posted using : RealSpecific

This post was curated & Posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended

Go Limitless (Make Unlimited Video Projects, Download Unlimited Videos, and Unlimited Renders)

Mix Videos, Images, Add Text over Videos and Rearrange Media to make your Unique Storyline

Video Pall

VideoPal?helps you connect and interact with site visitors in ways that pop-ups, widgets and other web conversion tools simply can't.

DigiProduct Lab LICENSE RIGHTS

The Newbie-Friendly, Cloud Based Software That Creates High-Quality Info Products You Can Sell In Just 60 Seconds

Leave a Reply