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How to Evaluate Income-Share Agreements

Income-share agreements, or ISAs, are alternatives to student loans. But, unlike student loans, where you can compare interest rates and fees, how do you determine whether an ISA is expensive or not?

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Finding the lowest-cost 529 savings plans

Savingforcollege.com's 529 Fee Study, updated as of July 1, 2019, showed that 529 fees continue to decline on average. When taking mean cost across the highest and lowest options, we found that mean fees fell over the past 12 months.

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Average Student Loan Debt at Graduation

Two-thirds (69%) of Bachelor’s degree recipients in the class of 2019 graduated with federal and private student loans, an average of $29,900 per borrower. The average parent loan debt was $37,200 among the 14% of parents of Bachelor’s degree recipients who borrowed to pay for their student’s college education. It does not include parent loans borrowed for other children.

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Does a Sibling’s 529 Plan Assets Hurt Financial Aid Eligibility?

Assets held in a student’s 529 plan are considered when determining the student’s financial aid eligibility. A sibling’s 529 plan assets may also be considered, depending on whether the sibling’s 529 plan is a parent-owned 529 plan or a custodial 529 plan, and which college the student attends.

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How to transfer 529 plan funds to a sibling

There are a number of reasons why you might want to transfer 529 plan savings to a brother or sister. Some parents start with an account for their first child and want to split up the funds when the next baby is born. Or maybe one of your children decides not to go to college and you want to transfer the money to a younger sibling who will.

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