Poor and middle-income families need a better way than 529s to save for college
by Steven Pressman | May 30, 2017 9:50 AM
Endnotes:
- Steven Pressman: https://theconversation.com/profiles/steven-pressman-307970
- Robert H. Scott III: https://theconversation.com/profiles/robert-h-scott-iii-380235
- Monmouth University: http://theconversation.com/institutions/monmouth-university-1242
- The Conversation: http://theconversation.com
- entire list of contributing faculty and their articles here: https://theconversation.com/institutions/colorado-state-university-1267
- increasingly expensive: https://theconversation.com/explainer-the-us-student-loan-problem-and-how-we-got-here-32676
- US$1 million more over the course of their lives: https://collegepuzzle.stanford.edu/?p=4551
- cost to attend a four-year school: https://trends.collegeboard.org/college-pricing/figures-tables/average-rates-growth-published-charges-decade
- have no college savings at all: http://nypost.com/2015/04/29/most-parents-arent-saving-money-for-kids-college-education
- Michigan tried to change this: http://www.savingforcollege.com/articles/infographic-history-of-529-plan
- only 2.5 percent of households have one: http://www.gao.gov/products/GAO-13-64
- great deal of debt: https://theconversation.com/is-student-loan-debt-really-a-crisis-44069
- rose to a record $1.44 trillion: https://www.federalreserve.gov/releases/g19/current/
- personal and economy-wide consequences: http://www.cnbc.com/2015/12/08/the-long-term-consequences-of-student-loans.html
- Michigan: http://colofma.com/web_documents/2014_fall_529_2.pdf
- don’t even know 529s exist: http://www.gao.gov/products/GAO-13-64
- count against families: http://www.savingforcollege.com/articles/five-things-to-know-about-529s-and-financial-aid
- 0.3 percent of households: https://www.federalreserve.gov/econresdata/notes/feds-notes/2016/saving-for-college-and-section-529-plans-20160203.html
- cost the federal government: https://www.treasury.gov/resource-center/tax-policy/tax-analysis/Documents/WP-113.pdf
- proposed eliminating: http://time.com/money/3676300/529-taxes-obama-state-of-the-union
- increase college enrollment rates: https://www.americanprogress.org/wp-content/uploads/2014/01/PovertyAnniversary.pdf
- recently made tuition free: https://www.ny.gov/programs/tuition-free-degree-program-excelsior-scholarship
- has significantly increased enrollment rates: http://money.cnn.com/2015/09/18/pf/college/free-community-college-tennessee/
- original article: https://theconversation.com/poor-and-middle-income-families-need-a-better-way-than-529s-to-save-for-college-78436
Source URL: https://source.colostate.edu/poor-middle-income-families-need-better-way-529s-save-college/
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