News

/News/

Grandparents: Start Contributing Today to a 529 Plan

When you’re blessed with grandchildren, all the joys of having little ones come flooding back to you—the precious moments, the new discoveries, the unforgettable firsts, and everything in between.

But just as it was with your own children, you have to help plan for their futures. And that starts as soon as they’re born.

There […]

2017-07-13T12:29:01+00:00 July 13th, 2017|

Saving Big This Tax Holiday? Consider Saving for College.

You might not find it on your calendar, but Alabama’s Back-to-School Sales Tax Holiday is July 21-23 this year.

No matter what you choose to shop for during this year’s Tax Holiday, we hope that the CollegeCounts 529 program will be on your mind—for a couple of reasons. Of course, back-to-school shopping is close to our […]

2017-07-13T10:18:55+00:00 July 13th, 2017|

Help your kid graduate college debt-free

Today, most parents are saving money for their children’s college education – 72% of them, according to a study by Fidelity Investments. But some 68% of students still graduate school with student loan debt, at an average of $30,000. Here are three ways you can elevate your savings strategy to help your kid graduate without […]

2017-01-09T10:36:09+00:00 January 9th, 2017|

What to do when the tuition bill is due

As summer winds down, parents are getting ready to send their students to college — and to get notices that tuition payments are due.

By now you’ve likely made a list of the various financial accounts that you could use for your student’s education costs. Some of the most common are 529 plans, savings bonds and […]

2016-11-11T08:57:54+00:00 August 17th, 2016|

Using a Credit Card to Save for College

Does it make sense to use a cash-back credit card to help save for college? It can, for consumers with the discipline to pay off their card balance each month.

A small number of credit cards offer cash-back rewards that can be deposited directly into a 529 college savings account, the popular state-sponsored accounts that offer […]

2016-08-19T17:52:44+00:00 June 3rd, 2016|

Treasurer Announces 2nd Annual Statewide Giveaway – Babies Born in the Month of May 2016

MONTGOMERY, Ala. (April 19, 2016) – CollegeCounts, Alabama’s 529 Fund, will celebrate 5/29 Day (May 29) with a second annual statewide giveaway that focuses on babies born in the month of May. Thirty-one winners will be selected at random to receive a $529 contribution to an existing or newly opened CollegeCounts account.

“This promotion was put […]

2016-08-19T17:53:27+00:00 April 19th, 2016|

New in 2015: Computers now an eligible expense

Exciting 529 Changes

The President signed HR 2029 on December 18th which included the following positive 529 changes:

  1. Computation of Earnings – multiple accounts with the same account owner and beneficiary are no longer required to be aggregated for tax reporting purposes. This change impacts account owners (i) with multiple accounts in CollegeCounts or in CollegeCounts […]
2016-08-19T17:54:15+00:00 December 29th, 2015|

Supporting a Smart Way to Save for Higher Education

American families continue to believe that college is an investment in a child’s future.  With more than 12 million accounts open nationwide, 529 college savings plans have proven to be a successful way for families to make that investment. These plans are manageable, affordable, and tax-advantaged and can be used towards qualified expenses at colleges, […]

2016-08-19T17:55:08+00:00 October 22nd, 2015|

Investing in a Legacy: Save Early and Often for Grandchildren’s College

By Young Boozer, Treasurer, The State of Alabama

Comedy writer Gene Perret once said, “What a bargain grandchildren are! I give them my loose change, and they give me a million dollars’ worth of pleasure.” It’s true that as a grandparent, you can literally hand over pocket change or one-dollar bills during visits – and your […]

2016-11-08T10:44:08+00:00 September 2nd, 2015|

September is College Savings Month – Are You Investing? – September 1, 2015

In honor of observance, Alabama State Treasurer urges families to plan for the future

Today marks the start of College Savings Plans Network’s third annual “College Savings Month,” an observance in which 529 programs across the nation, including Alabama’s CollegeCounts 529 Fund, educate families on 529 savings plans and the importance of opening and contributing to […]

2016-08-19T17:57:17+00:00 September 1st, 2015|