When it comes to a topic that is as important as saving for the big financial milestones like college and retirement there can be quite a bit of social pressure to act like you know more than you do, especially when talking to a professional. But don’t do it.
Student debt is a real problem for many college graduates. Over 70% of students will graduate with loans in 2015, according to the Wall Street Journal, and the average debt per borrower is an astounding $35,000. What are some of the best ways to pay down that student debt as quickly as possible?
529 programs are state-sponsored saving programs that you can use toward any qualified higher education institution, even outside of the state’s plan you’ve chosen. It just happens to be that Virginia’s direct-sold savings program (529 inVEST) is quite good.