Georgia's HOPE Program
Helping Outstanding Pupils Educationally (HOPE) is Georgia's unique scholarship and grant program. It rewards students with financial assistance in degree, diploma, and certificate programs at eligible Georgia postsecondary institutions. The program offers a HOPE scholarship, HOPE Grant, and the Zell Miller Scholarship.
Sallie Mae is the nation's No. 1 financial services company specializing in education. Sallie Mae continues to turn education dreams into reality for American families, serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college.
Investment options involving the 529 Plans: Managed Allocation, Aggressive Managed, Allocation, 100% Equity, Balanced Fund, 100% Fixed-Income, Money Market, and Guaranteed29 Plans.
This is another way to start and manage a Georgia 529 College Savings Plan. On this website, you can utilize tools and college calculators necessary for saving for college.
Find scholarships that match your skills and accomplishments.
Manage Your Money
Managing money is a life skill that everyone must learn. It's a skill that will help you meet financial obligations, avoid serious debt, use credit responsibly, buy a car and a home, create and stick to a household budget, save and invest wisely, and plan for a comfortable retirement and have some fun. The information provided below can help you manage your personal finances successfully.
Tax breaks that you may not know about are almost as good as grants. You may be able to take two federal tax credits -- the American Opportunity Tax Credit and Lifetime Learning Credit -- in the years you pay tuition.
Stocks are Best for your College Savings Portfolio
With tuition costs rising faster than inflation, a portfolio tilted toward stocks is the best way to build enough savings in the long term. As your child approaches college age, you can shelter your returns by switching more money into bonds and cash.
Coverdell Education Savings Account
Similar to a 529 plan, a Coverdell is an account that allows your earnings to grow tax deferred. If you use the money to pay for qualified education expenses, your withdrawals are tax-free.
Custodial accounts are often used to save money for future college costs. A custodial account is designed to allow an adult(s) to make irrevocable gifts to a minor(s) in the form of cash or securities.
Zero Coupon Bonds
Zero Coupon bonds are purchased at a discount to their face value but don't have regular interest payments. When the bonds mature, however, you receive the full face value. The longer the maturity, the greater discount you receive.
Consider life insurance as an option. You can take out a loan against the value of an insurance policy to pay for education expenses.