Comments on: What You Need to Know About College Planning http://www.financialcoachshow.com/investing/what-you-need-to-know-about-college-planning/ Saturday 2-3 PM 97.1 FM Talk or www.971talk.com Tue, 03 Jan 2012 01:45:35 +0000 hourly 1 By: Bryan Binkholder http://www.financialcoachshow.com/investing/what-you-need-to-know-about-college-planning/comment-page-1/#comment-2896 Bryan Binkholder Thu, 10 Nov 2011 20:54:16 +0000 http://blog.financialcoachshow.com/show/?p=19#comment-2896 Yes steve.....income hurts of course as does real estate. That's the sad part of the entire process is that they don't understand real life and how real estate works (and getting access to it no less). Yes, the plans are called 529 plans and Missouri's Plan is the Missouri Most plan. You receive a tax break for saving money in the plan and then the money grows and comes out tax free for college and yes you can use it for Arizona. Overall, one day people will wake up and realize that the reason college costs are so high is due to the governments role in determining loans, grants and etc. It's like a money trough for the schools to feed out of. Yes steve…..income hurts of course as does real estate. That’s the sad part of the entire process is that they don’t understand real life and how real estate works (and getting access to it no less). Yes, the plans are called 529 plans and Missouri’s Plan is the Missouri Most plan. You receive a tax break for saving money in the plan and then the money grows and comes out tax free for college and yes you can use it for Arizona. Overall, one day people will wake up and realize that the reason college costs are so high is due to the governments role in determining loans, grants and etc. It’s like a money trough for the schools to feed out of.

]]> By: Steve Baker http://www.financialcoachshow.com/investing/what-you-need-to-know-about-college-planning/comment-page-1/#comment-2895 Steve Baker Thu, 10 Nov 2011 20:43:41 +0000 http://blog.financialcoachshow.com/show/?p=19#comment-2895 I just viewed you College Planning video. So, I have a daughter in college and based on my input to the FAFSAform no federal funds are available. Two things I think hurt my chance to get aid was income and real estate. However, the real estate is not liquid so should I have include the potential gain I could get, especial in today's market. Second question, I believe I heard somewhere that if I establish a government sponsored state (I live in MO) account and run the cost of college fees through this account I would not be required to pay state taxes on the cost of college paid from that account. Is that true and if yes, would it still apply if my daughter went to college in Arizonia? I just viewed you College Planning video.

So, I have a daughter in college and based on my input to the FAFSAform no federal funds are available. Two things I think hurt my chance to get aid was income and real estate. However, the real estate is not liquid so should I have include the potential gain I could get, especial in today’s market.

Second question, I believe I heard somewhere that if I establish a government sponsored state (I live in MO) account and run the cost of college fees through this account I would not be required to pay state taxes on the cost of college paid from that account. Is that true and if yes, would it still apply if my daughter went to college in Arizonia?

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