Jimmy Hicks

Origin of the American Opportunity Tax Credit The American Opportunity Tax Credit, proposed by President Barack Obama and passed by Congress in 2009 to replace the Hope Credit, became a permanent education tax credit with the passage of the PATH Act of 2015. How Does the American Opportunity Tax Credit Work? Per the IRS, for…

With the costs of higher education constantly rising, it is more important than ever that parents start saving as early as possible. So, when is the right time to start? Today! Ok, but how do we start? Contrary to what you may think there are lots of ways to start accumulating college savings on a…

How do we plan for an educational expense that may or may not happen at some point in the future? My fiancé and I are getting married soon and are planning to have children someday. A controversial question we are facing right now is this one: “Is it too early to start saving for college?”…

Roth IRAs and the FAFSA When it comes to college funding, most families seem to be “in the middle.” They aren’t wealthy enough where college funding isn’t a concern and at the same time, they aren’t poor enough where the government will help pay for most, if not all, of their children’s college education. Being…

Prepaid Tuition Plans: An Overview What is a prepaid tuition plan? According to Investopedia, “prepaid tuition plans allow investors to purchase tuition for a student at current rates, even if he or she will not attend college for several years. Timing and age [are] a crucial factor with prepaid tuition plans, as most require plan…