Review: More Education Funding Please
Rating: 4 out of 5
Date: 05 21, 2014
Being in an ‘out of high school and college’ age, I have a responsibility to inform and help to educate my younger siblings on how to take advantage of financial benefits related to education that I wasn’t able to because of being raised in a low income family without the resources necessary to provide a proper funding for my education.I was able to take advantage of financial aid and pell grants for college, however, going to a higher education or private college was what I preferred. I wish my parents whatever known and taken advantage of these education funding options.The pell Grant only was and is not enough if one desires a higher education, which most would agree, is much more desirable and often yields greater financial rewards for your future. I like that all financial options have positives and negatives explained and laid out.  Positively, the 529 and Coverdell ESAs includes room and board, tuition fees and school fees, computer equipment, Internet connection fees. Many people don’t consider the tremendous expenses of education that includes additional necessities on top of the tuition itself.Didn’t like the fact that it didn’t show numbers and give a better understanding of how far and fast your investment can grow other than mentioning the 30 year expiration of the Coverdell ESAs plan. It kind of left more to be desired. I would advise everyone to look at the numbers and consider how long it will take to gain the amount you need or want to contribute to your child’s education. And don’t limit yourself to just these three options, of course.With education costs clearly shown to be rising at a staggering rate and very quickly, it seems that the Coverdell ESAs, although it has a limit that’s really low I think, has a great uniqueness which is it can be contributed to by more than one person and non-family members and more... It’s much more flexible and can be used however you want, which is much more appealing because things change in life and you don’t want you money stuck or heavily taxed because of “requirements.” It’s considered an asset, which is great. I’m happy I read this book. I already feel smarter about ways to fund education