What is the states prepaid plan to pay for college?

The state determines your future college expenses and allows you to begin a payment plan.

The state allows you to pay now at today's rates for future college expenses

The state determines your future financial aid and adjusts your college expenses.

When should you begin to shelter the returns you've earned so far in your college savings?

When your children are born.

When your children begin kindergarten.

When your children enter junior high school.

When your children enter high school

Bonds and cash should always be a large portion of your college savings.

What are The American Opportunity Tax Credit and Lifetime Learning Credit?

They are a dollar-for-dollar reduction of the tax you owe.

You can use these credits against tuition payments that you make using student loans.

They are a percentage reduction for college tuition payments.

All of the above

a and b only

b and c only

a and c only

Which is true about your retirement savings?

It will lower the amount of financial aid your child may receive.

It should be put off until you're sure you have enough money to pay college tuition.

Your retirement savings hould be your top financial priority, even if you don't have much in college savings.

Parents who qualify should take advantage of what two federal tax credits for tuition costs?

The American Opportunity Tax Credit and Lifetime Learning Credit

Pell Grants and Excel Grants

Perkins Grants and Stafford Grants

Supplemental Educational Opportunity Grants

When is the best time to utilize more aggressive investing to build college savings?

When your children are young.

When your children enter junior high school.

When your children enter high school.

Bonds and cash should always be a large portion of your college savings.

What is the Coverdell Education Savings Account?

It is formerly known as the Education IRA.

You can contribute up to $2,000 a year toward college expenses.

Withdrawals for college expenses are tax-free.

All of the above.

a and b only

b and c only

a and c only