How Education Can Be Beneficial For You And Your Children?

Why does society consider education such an important quest? Should there be a purpose for education or should education simply be an intrinsic pursuit (Marples, 2010), where individuals just want to learn and become more knowledgeable. Education should be accessible for all young people to obtain skills required to become meaningful members of society, whether it is simply to acquire knowledge or to acquire more purposeful skills for a meaningful profession. How that occurs is determined by stakeholders commissioned to realise the aims for education devised by governments, who ultimately decide what is best for society. Education can be applied to any number of programmes that teach and encourage learning (Hand, 2010). The argument

These have been hot topics for sometime now but little seems to have happened so far in regards to legislation and actual action. In the eyes of many free college is nothing more than a dream at the moment and who could blame them, for alas the government is taking their time, in no hurry to swiftly respond to the pleas of citizens. However there was a plan in the works that Catherine Morris describes in her article "Pay It Forward".  She states, "Obama proposed funding Americas College Promise to the tune of $60 billion and paying for it with a series of taxes — including one controversial and short-lived proposal to tax 529 college savings plans " (13). This shows that the government has some willingness to approach the issue, but most likely they have found that it is going to be more difficult than imagined to apply reform in this area. Another plan that is currently in use and has a controversial funding method is the Tennessee Promise which supports college students who are going to attend community colleges for shorter lengths such as two years. The gray areas start to come in with the funding. Scholarships for four year students are cut to help students who will be in college for less time and who will subsequently acquire more debt. Despite these criticisms they are a step in the right direction even if they lay on some unsteady framework.

So I vehemently against the 10% plan because it state that you have to be a resident or eligible in order to pay resident tuition, I’m also against it since the 10% plan exclaims that you have to be enrolled in community college no more than two years after graduating from High School.

State 529 saving plan is provided by the state, in which parents can start saving for their kids. For 529 savings plan to work, parents have to start early by planning ahead. As per author Nellies, Hung, and clark parents have to save only two-thirds of the funds needed for the future tuition fee of there kids. The gap between the funds in the saving plans and tuition is usually filled by scholarships, grants, and the interest made over the savings. Parents have to be careful while estimating

Tuition Reimbursement Program is a contract between the employer and the employee that summaries specific terms in which the employer may pay for the employee's continuing education. Usually, tuition cost is paid in advance by the employee and reimbursement is paid later by employer depending on the criteria of the company program. The Internal Revenue Service refers to the Tuition Reimbursement Program as an Educational Assistance Benefits which is tax-free up to $5,250 a year for tuition fees, books, supplies. But the student must attend a qualifying educational institution and maintain a “C” letter grade or higher (IRS, Publication 970, page 60 & 67).

For Texas A&M, one of the more known colleges in Texas, the amount per year for attendance is $27,452 for in-state residents. This cost covers tuition, room and board, and a few other

It is often argued that rising costs and college debt are the main causes which leads to devastating loans and a long term burden for families. “College costs have been rising roughly at a rate of 7% per year for decades. Since 1985, the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500% (Odland).” Certainly, many students have struggled to get into a college debt-free and the numbers of costs are increasing more. Nevertheless, students would not encounter such problems if they planned effectively before college and educated themselves to be able to adapt to difficult situations. “More importantly, by engaging students in the planning process, they will be able to develop lifelong skills for success. The self-confidence they gain by actively determining their own future is something they will carry with them through high school, college and into the job market (Noodle).” In fact, college isn't the only option out there. There are alternatives such as the military which requires only test scores and everything else is paid for. In addition to that, they pay big bucks even after

Also, the United States has a history of showing interest in furthering higher education. Indiana created a Twenty-First Century Scholars program where 7th grade students commit to certain obligations, and if they meet their requirements they receive four free years of tuition at state colleges. Another example is after the 9/11 attacks in New York, the state provides free tuition to people affected by the attacks. Affected as in having a family member who died or was disabled in the attack or a family member who died while serving in the military during the attacks. One last example is in Massachusetts where the John and Abigail Adams Scholarship Program grants four years of free tuition to students who achieve certain scores on the Massachusetts Comprehensive Assessment System (MCAS) (Driscoll, Clapp). Overall, advocates of lowering college tuition costs believe to keep up with the changing economy and educational standards, and keep pace with other countries the prices need to be reduced. They also believe the United States values education, and students wanting a higher education for themselves are two more reasons to lower the costs.

A 529 plan is one way of saving money for college for qualified educational expenses, including tuition, college fees, room and board, books, computer and computer associated equipment, and required school supplies and equipment. The IRS has specific guidelines in IRS Publication 970: Tax Benefits for Education.

The parents of these children often do not have the funds to send their children to college and opportunities for financial aid or slim for those with low academia. In today’s time, a college degree holds more value to a high school diploma; without the chance at financial stability is decreased. “On virtually every measure of economic well-being and career attainment—from personal earnings to job satisfaction to the share employed full time—young college graduates are outperforming their peers with less education. And when today’s young adults are compared with previous generations, the disparity in economic outcomes between college graduates and those with a high school diploma or less formal schooling has never been greater in the modern era.” (Pew Research Center, 2014) These young adults begin that do make the effort to go to college are often drowned under student loans and will spend a majority

To flourish in America today, the average student will have to go to a high-quality college, earn a degree and land a successful job to eventually support a family. However, success is easier said than done, because all of those steps are vital. The step that many Americans struggle with is affording a high-quality college, not because they aren 't smart or skilled enough, but because Americans cannot pay for the pricy tuition and additional expenses. The rising of college tuition scares many, even though they yearn for a college degree. Two reasons for this struggle are that college costs are taking a monumental percentage out of Americans salaries, and most importantly the large amount

A 529 plan is a college savings vehicle, known as a qualified tuition plan, that allows you to save money for your child’s college education. By doing so, you get to have your money grow without paying taxes on it (no capital gains tax and no tax upon withdrawal).

A 529 is a government college saving program that is divided into two groups: Prepaid tuition Plans and College saving plans. The former of the two, the Prepaid Tuition plan is essentially exactly what It sounds like. It is a Prepayment plan that can be arranged through either the state or even an intended educational institute. This plan is advantageous to someone trying to make college more affordable, but also severely limits the choice of whoever will be receiving this plan. The other 529 plan is a bit more flexible. The college saving plan is basically a savings account with certain tax benefits, because it is being acknowledged as a future fund for education. The account is set up similarly to an investment portfolio, which gives it a certain level of risk dependent on how the owner invests. These accounts are nonspecific to which institutions will accept it, and generally can be used for any cost associated with education. These two options are the biggest go-to options for a parent looking to start saving for

It's a plan that offers prepaid tuition to nearly 300 private colleges across the USA including Notre Dame, Stanford, Princeton, Duke and hundreds more. What I love about the Private College 529 plan is that rates never go up once you lock in your rates. What that means for me is that, when I start a plan for Madison now, (because the sooner you do so, the better it is for you), when she's ready for college, our rates will be much lower since we've locked them in now, instead of waiting until she's ready to start college 13 years from now. We all know that the rates are just going to keep increasing and many of us might not be able to afford it then. This in effect is saving me lots of money, money we can now use towards family

Higher education costs have been increasing at a rapid pace, faster than inflation for the economy as a whole, for the past fifty years. It started in the 1960’s when the federal government passed the Higher Education Act to increase the amount of people able to afford and attend college. Regardless of the Unites States Government efforts to increase the affordability of college, federal aid programs have not risen to expectations due to the ever-increasing college prices. To lower the price of college, the government needs to cut back on student financial spending to go only to the lowest income families and create tax incentives for families to start saving up on their own.