Many people choose to complain about the rising tuition costs, yet fail to act in favor of change. Over the semester, I will search for ways people can make a difference for the better. With an issue such as college tuition, it can be as simple as following candidates for governor closely to determine their stance on enormous increase on college costs. Or there are other more individualistic approaches-shown and explained below.
This comparison talks about the benefits of establishing and contributing to a 529 Education Plan. The plan allows you to set aside money for higher education only, that grows tax-free and can be withdrawn tax-free. By following this approach, you can have compount interest work for you rather than against you.
The Guaranteed Education Tuition program provided by Washington State allows for parents or grandparents to buy college tuition for their kids or grandkids at today’s rate. People are allowed to purchase a certain number of units at a certain price, depending on what year you are planning to buy the college tuition for. This method allows you to pay for tuition now, rather than waiting “x” number of years for your child to go to school. for more information and a chart explaining the units/cost visit www.get.wa.gov
This video goes into further detail on rising tuition and expenses as told by an acclaimed writer, Tim Carney, on C-SPAN. There is some very intriguing insight to the other side of the issue that we rarely hear about.
