Parent's Guide to College Savings and Student Loans (with Stephen Taylor, JD, CFP®)
Description
Hear from Stephen Taylor, CFP® with Merited Wealth, on so many great tip[s and insights on college savings and prepaid plans, student loans, and financial aid.
For more info on Stephen and his services, check out his website: https://www.meritedwealth.com/ and check out his podcast: https://podcasts.apple.com/us/podcast/do-it-for-yourself-with-stephen-a-taylor-jd-cfp/id1613342945
00:00 Intro
00:30 Different college savings options
03:55 Coverdell vs 529
05:08 UTMA/UGMA vs 529
06:11 Financial aid implications
07:22 Prepay mortgage vs invest
10:04 Student Loans: How Much?
12:43 Parental implications of college savings
16:00 Prepaid plans: pros/cons
19:20 What if you contribute more than you need?
20:08 Secure Act 2.0 implications
23:33 More on financial aid/FAFSA forms
25:29 Advice for parents talking with children about college
26:58 Stephen's info
Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.
United States
