Education Standards
College and Career Compass Washington Student Achievement Council
Department of Labor's Apprenticeship Finder Page
DreamAhead FAQ
Federal School Code Search
GET FAQ
https://centsprogram.org/debt-slapped-for-parents/
https://www.youtube.com/watch?v=0bd31VRZdWs&t=2s
IRS Publication 970
Planning for Higher Education for Families ACTIVITY
Planning for Higher Education for Families RESOURCE
School Savings
WA529 Part 2
WA529 Part 3
WA529 Part 4
WA529 Part 5
Washington Student Achievement Council
WA State 529 Plans
What is DreamAhead?
What is GET?
WSAC YouTube Channel
WA529 Plans - GET Program and DreamAhead College Investment Plan
Overview
These resources were orginally shared at the FEPPP WA529 Plans Overview Workshop held on April 21, 2021. You will find resources that will help familes learn about and set up college savings plans.
Introduction
Washington’s 529 College Savings Plans (WA529) help families save for a child’s future college and career training expenses. You will learn about the GET Prepaid Tuition Program and DreamAhead College Investment Plan, including the benefits and opportunities a savings account has on a student’s success. These resources can be shared with families to help them take steps toward reducing or preventing future student loan debt.
529 Plans Nationwide
This website offers overviews of:
- How to Prepare Your Child for College
- How tax Benefits Help Boost the Value of Your College Savings
- Media Resources
- Questions to Answer Before Selecting Your 529 Plan
- Saving Stragegies for Higher Education
- College Savings Accounts and Financial Aid
- And Much More
Permitted Use
All rights reserved. Information available for personal viewing.
Qualified Educational Expenses
Parents and guardians of college bound students need to understand the tax benefits for savings accounts for higher education. Chapter 8 of the Internal Revenue Service's Publication 970 goes through the questions that you might have. This publication also includes chapters covering:
- Scholarships, Fellowship Grants, Grants, and Tuition Reductions
- American Opportunity Credit
- Lifetime Learning Credit
- Student Loan Cancellations and Repayment Assistance
- Tuition and Fees Deduction
- Coverdell Education Savings Account (ESA)
- Qualified Tuition Program (QTP)
- Education Exception to Additional Tax on Early IRA Distribtions
- Education Savings Bond Program
- Employer-Provided Educational Assistance
- How to Get Tax Help
Permitted Use
All rights reserved. Information available for personal viewing.
Registered Apprenticeship Programs
Search open apprenticeship job opportunities from employers across the country and directly apply with the employer of the apprenticeship program. Can’t find an open apprenticeship job to match your preferred location or occupation? Try connecting with an apprenticeship program to learn more about when they are accepting new apprentice applications by searching on the "Apprenticeship Programs" tab.
Permitted Use
All rights reserved. Information available for personal viewing.
WA529
College is one of the biggest expenses people face in their lifetime. 529 plans were created to help parents, future students, friends, and family save money tax-free for eligible expenses, like tuition, fees, room & board, books, and supplies.
There are two kinds of 529 plans, Savings and Prepaid. Families can choose to save in one type of plan or the other, or both to diversify their college savings:
529 Prepaid Plans, like GET, allow you to purchase tuition units at a set price today and use them in the future to avoid long-term tuition inflation and stock market risk.
529 Savings Plans, like the DreamAhead College Investment Plan, allow you to pick an investment option and save money based on the market’s performance.
What ifs? The questions parents and guardians need answered.
- What is a 529 Plan?
- Who can open an account?
- Do I have to live in the state of WA to open an acount?
- What if my student decides not to go to college?
- What if I want a refund?
- What if my family circumstances change?
- How does this impact my taxes?
Find your answers here:
WA529 GET - Guaranteed Education Tuition FAQ
DreamAhead - College Investment Plan
Permitted Use
All rights reserved. Information available for personal viewing.
Washington Student Achievement Council
The Washington Student Achievement Council (WSAC) is a nine-member council supported by a cabinet-level state agency. By statute, the Council provides strategic planning, oversight, advocacy, and program administration to support increased student success and higher levels of educational attainment in Washington.
College & Career Compass will help them navigate educational pathways and get back on the path to completion. The online tool is designed to help adults return to school and finish their education. Users will:
- Learn critical information, tips and resources for returning adult learners
- Search for Washington educational programs and pathways
- Connect with campuses committed to supporting adult learners’ progress.
Permitted Use
All rights reserved. Information available for personal viewing.
Consumer Education and Training Services
CENTS has created the free Planning for Higher Education for Families Activity and Resource section to empower parents to plan for their student’s higher education costs. There are steps you can take to minimize the debt your child and you take on and these materials walk you through the process to help you come up with an achievable action plan. The earlier you start, the better, but this Activity will still help those who feel they are getting a late start. You will see every bit helps!
Permitted Use
All rights reserved. Information available for personal viewing.
School Savings
School Savings is a savings program that volunteers can run at your school. The hope is that students bring money to deposit. School Savings offers a savings curriculum and an app for students to track their deposits, learn good budgeting skills, and see how they are achieving the financial goals that they've set for themselves.
Our School Savings services are targeted to under-served communities and Title I Disadvantaged schools in urban and rural areas and reservations. More than 7 million households are still without banking services. We partner with financial institutions and organizations with similar goals. School Savings is FDIC and OCC compliant.
Permitted Use
We hereby grant you the right to view and use the Sites only for the purpose of accessing information and conducting transactions on the Sites. You agree not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of the Sites, use of the Sites or access to the Sites. We also grant you a personal, non-transferable, non-exclusive and non-assignable right and license to use the Software, including all files and images contained in or generated by the Software and accompanying data, only for the purpose of accessing information, as well as conducting and/or facilitating transactions on the Sites; provided that you do not (and do not allow any third party to) copy, modify, create a derivative work of, reverse engineer, reverse assemble or otherwise attempt to discover any source code, sell, assign, sublicense, grant a security interest in or otherwise transfer any right in the Software. You agree not to modify the Software in any manner or form, or to use modified versions of the Software. We reserve the right to suspend or deny, in our sole discretion, your access to all or any portion of the Sites or the Software.
FAFSA
You can use the Federal School Code Search to search for colleges you're interested in including on your FAFSA. You can also find detailed college information, like tuition and fee amounts and graduation rates, and compare that information for up to 10 colleges at a time.
Permitted Use
All Rights Reserved
WA529 Part 1
WA529 Part 1
In Part 1 of our series you'll find an overview of Washington's WA529 plans. Jacquelyne Ferrado delivers this information as she has been with the program for over 20 years.
Permitted Use
Creative Commons Attribution Non-Commercial No Derivatives
WA529 Part 2
Every state in the US offers a 529 plan. Jackie explains the rules for investing in 529 plans and what qualified college expenses are and how the funds from a 529 plan can be used to cover them.
Permitted Use
Creative Commons Attribution Non-Commercial No Derivatives
WA529 Part 3
Jackie talks about the difference between the Guaranteed Education Tuition (GET) Program and the DreamAhead College Investment Plan. Investing in both plans are a good idea.
Permitted Use
Creative Commons Attribution Non-Commercial No Derivatives
WA529 Part 4
In Part 4 Jackie opens up to answer questions. She goes into detail about what exactly happened in the late 90's and how adding the DreadAhead plan helped families save for college in a different fashion.
Permitted Use
Creative Commons Attribution Non-Commercial No Derivatives
WA529 Part 5
In the final portion of this series Jackie lists resources that families can use, how to use these resources, and who to reach out to for more information on the WA529 plans that Washington state offers.
Permitted Use
Creative Commons Attribution Non-Commercial No Derivatives
Attribution and License
Attribution
529 Plans Nationwide | 529 College Savings Plans
Qualified Educational Expenses | Department of the Treasury Internal Revenue Service
Registered Apprenticeship Programs | Department of Labor Apprenticeship Job Finder
WA529 | WA529 Washington College Savings Plans
Washington Student Achievement Council | Washington Student Achievement Council
Consumer Education and Training Services | CENTS Consumer Education and Training Services
School Savings | School Savings
FAFSA | Federal Student Aid -U.S. Department of Education
WA529 Part 1 | YouTube
WA529 Part 2 | YouTube
WA529 Part 3 | YouTube
WA529 Part 4 | YouTube
WA529 Part 5 | YouTube
Logos from each of the organizations listed above are used under fair use.
Permitted use of resources from each of the sites above is outlined in their respective sections.
License
Except where otherwise noted, this presentation by the Financial Education Public Private Partnership is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. All logos and trademarks are property of their respective owners. Sections used under fair use doctrine (17 U.S.C. § 107) are marked.
This resource may contain links to websites operated by third parties. These links are provided for your convenience only and do not constitute or imply any endorsement or monitoring by FEPPP.