Families saving for college may choose to invest in an advisor-sold 529 plan or a direct-sold 529 plan. Direct-sold 529 plans typically have lower fees, but advisor-sold 529 plans offer unique advantages that may be worth the extra cost to some investors.

Once you've entered the 529 withdrawal phase, it's important to understand the rules. Here are six mistakes to avoid so that you won't end up paying taxes or penalties.

Not all student loans are created equal. Some student loans have advantages and some have disadvantages. Avoid these common mistakes that have cost consequences when borrowing a student loan. Understand your borrowing options and do your research before taking on student loan debt.

Capitalized interest is accrued but unpaid interest that is added to the principal balance of the loan. Not only does this increase the amount of debt, but it leads to compound interest, where interest is charged on the capitalized interest.