College Planning

Preparing and paying for higher education

When it comes to paying for college, there are a number of options to choose from. Students can apply for financial aid, scholarships, loans or grants. As a parent, grandparent or legal guardian, you may even decide early on to start investing in a savings program for your child, such as the Gerber Life College Plan. With all of the available options to pay for a college education, it can be difficult for parents and their children to determine which plan is best for them. That's why Gerber Life online articles include valuable insights and ideas to help your family prepare for the college years. Our articles and advice can help you rest-assured that your child will be prepared for college and anything else the future may hold.

  1. Who Offers 529 Plans Legally?

    Family Saving for College EducationA 529 plan is an investment account that parents can use to prepare for their children’s college expenses. 529 plans offer certain tax advantages, and some plans allow you to lock in tuition rates years in advance. Investing your money in such a way may seem like an excellent college planning idea, but it’s essential that you put your funds in a trustworthy account. If you are looking for such an account, you may wonder who offers 529 plans legally.

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    Categories: College Planning
  2. Can Anyone Qualify for a Pell Grant?

    Who qualifies for a pell grant?Pell grants are government grants awarded to help pay for the tuition and other education-related needs of college students who are financially disadvantaged. According to the U.S. Department of Education, maximum award amounts reach as high as $5,550 for the 2011-2012 school year, although the amount awarded per student varies on financial need.

    Not all financially disadvantaged applicants qualify for a government pell grant, however, as they are typically awarded to students who are undergraduates who have not previously completed a four-year bachelor’s degree program. Furthermore, pell grant funding is only available for up to 18 semesters of college for students who first qualified for a pell grant after the summer of 2008

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    Categories: College Planning
  3. Can 529 Funds Be Used for General Living Expenses at College?

    Using 529 Funds for General Living ExpensesEvery parent looks forward to that time when their children get accepted to their chosen college or university. It’s a time of great excitement and pride of accomplishment for both parents and children.

    It is also a time of nervousness and uncertainty for both parties regarding the new environment, friends, work load, and most importantly, finances.

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    Categories: College Planning
  4. Picture This—Your Child’s Drawing Could Be Worth Thousands of Dollars!

    One lucky artist will win a $20,000 Gerber Life College Scholarship

    Gerber Life College Scholarship ContestAs your child heads back to school or maybe starts school for the first time, you probably wonder what he or she may be when they grow up. It’s fun to imagine the possibilities: athlete, writer, photographer, engineer, dentist. Now’s the time for your child to grab some crayons or colored pencils and draw a picture of what they want to be when they grow up, and enter for a chance to win a $20,000 Gerber Life College Plan. Entering the Gerber Life College Scholarship Art Contest is as easy as 1, 2, 3:

  5. College Savings Plans More Necessary than Ever in 2011-2012

    The Importance of College Savings PlansNews flash: A college education is expensive. Have you heard that before? While this is probably old news, tuitions rose again during the last school year, 2010 to 2011. There seems to be no end in sight and, as a result, college savings plans have never been more critical.

    Highest Attendance Costs Continued to Increase
    Sarah Lawrence College in Yonkers, NY, continued to hold the top spot in annual tuition, fees, room, and board with a 2.9 percent increase to $57,384 per school year. Landmark College (Putney, Vt.), Columbia, Wesleyan, Johns Hopkins, and Georgetown followed with annual costs in excess of $53,500 to attend. In many cases, the most expensive universities had one-year cost increases of more than 4 percent.

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    Categories: College Planning