myUsearch blog

Today we have a guest post from Lynn O’Shaughnessy. 
O’Shaughnessy is the author of The College Solution, an Amazon bestseller, and she also writes a college blog for CBSMoneyWatch and TheCollegeSolutionBlog. Follow her on Twitter.

Ever hear about college taxes?

No this isn’t a joke. If you aren’t careful you could owe college taxes on your 529 plan.

Nobody tells you that you could ultimately owe taxes on a 529 college plan, but plenty of people discover this nightmare during tax season.

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You applied, you got in, you packed your car and you’re all ready to go off to college. But what about tuition? What about books? And you can’t forget room and board. You’ve sent in your FAFSA form and received a small scholarship, but it still seems like the college price tag might be more than you can bargained for. Where do you go from here?

College Fund photo by djukami

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Today’s guest post was contributed by Eugene Aronsky from wecomparebooks.com

College is expensive. (I am sorry to be so blunt, but this is true). What’s more, given the state of the current economy getting funding for college is far more difficult, and for those of us who are able to get loans to pay for school, paying those loans back will not be easy. On this note, I would like to talk to you about some things that you might do to make college more affordable.

Photo by Steve Wampler 

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I know there are plenty of parents out there that are saving to pay for the college education of their children.  First of all, I think that is a noble and honorable thing to do and I applaud parents who are doing it.  Your children will be better off because of your intuitive thinking and fiscal intelligence. (more…)