Re: How to choose a 529 savings plan
Posted: Tue Sep 08, 2020 8:06 pm
Tangentially related...
VInny
The College Quandary Today
https://www.fa-mag.com/news/the-college ... 57554.html
"First came Covid. Then came online college. Then came the lawsuits.
There’s a firm in South Carolina, the Anastopoulo Law Firm, that says it’s suing some 30 higher learning institutions for tuition and board payback (including Columbia, Cornell, Purdue, UMass and UPenn) arguing breach of contract—saying in effect that these institutions charged students for a certain type of college campus experience this year and instead gave them virtual college lite. The lawsuits challenge the notion that Zoom learning lives up to the value of an actual classroom—learning in a community, with your peers, enjoying personal development.
Still, as the coronavirus pandemic continues to test the United States’ anxiety for reopening society, the question of reopening colleges arises, too, and asks—at what cost in people’s health and safety?
For many clients of financial advisors, college education is the single biggest funding need they face after saving for retirement. The questions advisors are asking include: Is your child’s college fully reopening or doing hybrid classes? If the college is reopening, do you really want it to? In one survey of more than 1,800 freshmen and returning students performed by research firm Simpson Scarborough, 43% of students didn’t feel safe returning to a socially distanced classroom.
Professors don’t like the idea either. One CFP licensee and lecturer at Texas A&M with professor clients says many of them flatly refuse to go back. Older people are more at risk, after all.
The confusing messages universities have sent to families about what’s happening have not helped, says Beth V. Walker, creator of the Center for College Solutions, which guides families through college planning."
VInny
The College Quandary Today
https://www.fa-mag.com/news/the-college ... 57554.html
"First came Covid. Then came online college. Then came the lawsuits.
There’s a firm in South Carolina, the Anastopoulo Law Firm, that says it’s suing some 30 higher learning institutions for tuition and board payback (including Columbia, Cornell, Purdue, UMass and UPenn) arguing breach of contract—saying in effect that these institutions charged students for a certain type of college campus experience this year and instead gave them virtual college lite. The lawsuits challenge the notion that Zoom learning lives up to the value of an actual classroom—learning in a community, with your peers, enjoying personal development.
Still, as the coronavirus pandemic continues to test the United States’ anxiety for reopening society, the question of reopening colleges arises, too, and asks—at what cost in people’s health and safety?
For many clients of financial advisors, college education is the single biggest funding need they face after saving for retirement. The questions advisors are asking include: Is your child’s college fully reopening or doing hybrid classes? If the college is reopening, do you really want it to? In one survey of more than 1,800 freshmen and returning students performed by research firm Simpson Scarborough, 43% of students didn’t feel safe returning to a socially distanced classroom.
Professors don’t like the idea either. One CFP licensee and lecturer at Texas A&M with professor clients says many of them flatly refuse to go back. Older people are more at risk, after all.
The confusing messages universities have sent to families about what’s happening have not helped, says Beth V. Walker, creator of the Center for College Solutions, which guides families through college planning."