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College Expenses Archives

5 Essential Tips For Saving For Your Massachusetts Kid's College Education

$216,000. That's what a 4-year degree at a Massachusetts state college is estimated to cost iCollege Savings 2.jpgn 2035, assuming tuition continues to increase at the current annual rate of six percent. Send your Massachusetts kid to a private institution instead, and you can expect to shell out as much as $484,000 ⏤ a number so outrageous that you'd be forgiven if, upon reading it, you decided to skip saving for your kid's education altogether. Why bother?

Massachusetts Parents Use 529 Plans to Pay For College Education

The decision to save for your Massachusetts' kid's college education seems like aCollege Planner.jpg no-brainer. Considering how expensive tuition is these days (the average cost for a degree at a four-year private college is $138,960, according to the College Board), parents capable of doing so want to put money aside to secure their child's academic and eventually professional future and to help their kids avoid student loan debt.

Allocating College Expenses in a Massachusetts Divorce

The cost of college continues to skyrocket with no end in sight. Sending a child to college is now one of the most costly expenses that a family will undertake. Planning for and paying for college becomes even more complicated for divorcing parents. Massachusetts Probate and Family Court judges have been confronted with issues concerning the allocation of college education expenses with growing frequency, in large part due to the seemingly ever increasing cost of college and the growing acceptance of college as a necessity to future economic independence.

What Happens to Children's 529 College Savings Plans After a Divorce?

It can be confusing in a Massachusetts divorce to know who gets what in terms of the equitable division of the marital assets. Bank accounts and the family home need to be divided, and determining how to do that can be hard enough. When you include other types of accounts, such as 529 college savings plans, it becomes even more confusing.

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