Important Caveats: Student loans are complicated, the rules change often, and I am not an expert. The new REPAYE Plan is still in the proposal stage. While it looks likely to go through later this summer (presumably before the student loan payment pause ends), there still could be adjustments to the provisions described below. This … Continue reading The New Student Loan REPAYE Plan: Almost Free College for Most?
Colorado Educator Loan Forgiveness
I meant to write this post a while back, but thankfully was reminded by Ben Johnson's Facebook post. While many educators are aware of the federal Public Service Loan Forgiveness program, for some reason the Colorado program doesn't seem to be well advertised. Colorado currently has two loan forgiveness programs for Colorado educators, both with … Continue reading Colorado Educator Loan Forgiveness
529 to Roth Conversions: Some Possibilities
As I mentioned in a previous post, one of the changes made by the recent Consolidated Appropriations Act is the ability - with some important restrictions - to transfer some money from a 529 plan to a Roth IRA. The intent of this law is good, I think. Some people have been hesitant to save … Continue reading 529 to Roth Conversions: Some Possibilities
Colorado’s First Step Program for College Savings
I've written about 529 plans before and how I believe, for most folks, they are the best way to save for a child's possible future college education. This is especially true if your state plan offers some kinds of tax incentives. For example, in Colorado your contributions are deductible from your state taxes each year, … Continue reading Colorado’s First Step Program for College Savings