WHY CHOOSE SCHOLAR'S EDGE?
When saving for your child’s college education, you need an edge.
For the vast majority of families, paying for a child’s college education is rarely an all or nothing proposition. Because only a select few students receive full scholarships, most families typically take a three-pronged approach:
- Student Loans
- Financial Aid
By incorporating a tax-advantaged 529 plan such as Scholar’s Edge into your family’s overall financial plan, you can take a smart, pragmatic approach toward achieving this important goal. Money you invest in a 529 college savings plan has the opportunity to grow tax-free and may also benefit from compounded growth. In other words, your earnings may generate additional earnings and help your account grow faster.
And remember, you don’t have to save the entire amount, but the more you are able to save in advance, the less you or your child will have to borrow through student loans later.
Any U.S. resident who is at least 18 years old can open an account. Once the account is open, anyone can contribute, including grandparents. The money invested in a 529 plan can be used to pay for what are called qualified higher education expenses.
As the account owner, the plan is in your name, so you – and you alone – retain control. If your beneficiary opts out of college, you can change it to another child without penalty.1
With Scholar’s Edge you choose:
- How much you contribute
- When and how your savings are used
- Your investment approach
1 Depending on who the new beneficiary is, there may be gift or generation-skipping tax consequences. Your investment professional can provide more information. See the Plan Description for more information. Consult your tax advisor about how 529 tax treatment would apply to your situation.