Savings Programs

It's never too early to begin planning how you are going to pay the costs of higher education. Below, we offer some information on some of the more popular programs for college savings.

Georgia Higher Education Savings Plan (529 Plan)

Georgia offers one of the highest rated 529 qualified state tuition plans. Contributions to the Georgia Higher Education Savings Plan grow tax-free when used for educational expenses, and you may be eligible to deduct your contributions from your Georgia taxable income. The Plan offers a wide range of investment options based upon your needs. To learn more about the Georgia Higher Education Savings Plan, click here.

Coverdell Education Savings Accounts

The Coverdell Education Savings Account (ESA) is an incentive to help parents and students save for education. Up to $2,000 may be contributed to a child's Coverdell ESA each year. Earnings on contributions will be distributed tax free, provided that they are used to pay the beneficiary's elementary, secondary, or college education expenses. To learn more about the Coverdell Education Savings Account, click here.

Early Distributions from IRAs

A taxpayer can make withdrawals from an IRA (Individual Retirement Account) to pay higher education expenses for the taxpayer, the taxpayer's spouse, children, and grandchildren and may be able to avoid the 10% additional tax. To learn more about IRA options, click here.

How much do I need to save?

Getting a handle on how much you need to save can be an overwhelming task, but we have provided some tools to help you figure out what you may need to save. Try out our PAIS calculator to determine your yearly estimated family contribution.

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Create an Account Log On My 411 Paying for College Repayment Guide Scholarships & Grants Savings Programs Coverdell Education Savings Account Early Distributions from IRAs Tax Savings Loan Programs Tools & Calculators Publications & Forms Ask an Expert	Savings Programs It's never too early to begin planning how you are going to pay the costs of higher education. Below, we offer some information on some of the more popular programs for college savings. Georgia Higher Education Savings Plan (529 Plan) Georgia offers one of the highest rated 529 qualified state tuition plans. Contributions to the Georgia Higher Education Savings Plan grow tax-free when used for educational expenses, and you may be eligible to deduct your contributions from your Georgia taxable income. The Plan offers a wide range of investment options based upon your needs. To learn more about the Georgia Higher Education Savings Plan, click here. Coverdell Education Savings Accounts The Coverdell Education Savings Account (ESA) is an incentive to help parents and students save for education. Up to $2,000 may be contributed to a child's Coverdell ESA each year. Earnings on contributions will be distributed tax free, provided that they are used to pay the beneficiary's elementary, secondary, or college education expenses. To learn more about the Coverdell Education Savings Account, click here. Early Distributions from IRAs A taxpayer can make withdrawals from an IRA (Individual Retirement Account) to pay higher education expenses for the taxpayer, the taxpayer's spouse, children, and grandchildren and may be able to avoid the 10% additional tax. To learn more about IRA options, click here. How much do I need to save? Getting a handle on how much you need to save can be an overwhelming task, but we have provided some tools to help you figure out what you may need to save. Try out our PAIS calculator to determine your yearly estimated family contribution.
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GAcollege411 Partners Copyright © XAP Corporation. All rights reserved. XAP and Mentor are registered trademarks of XAP Corporation. Reg. U.S. Pat. & TM Off. Use of this website constitutes acceptance of the XAP Terms of Use and Privacy Policy .