Families may choose to save for college or elementary and secondary education expenses using tax-advantaged qualified tuition programs (QTPs), also known as 529 plans. 529 plans, named for the section of the tax code which dictates their tax treatment, are tax-advantaged investment trusts used to pay for education expenses. The specific tax…

The federal government spends an estimated $273 million annually on financial literacy1 and education programs and activities across 23 federal agencies and entities. These programs are designed to educate Americans about a wide array of financial literacy and education topics. However, in 2012, the Government Accountability Office (GAO) issued a…

Looking for ways to save money within the Stafford Student Loan program, a study was done to measure the effect that a lower special allowance could have on the supply of Stafford loans made with private capital. The special allowance is an incentive payment to commercial lenders who participate in guaranteed student loan programs. The study used…

Cutbacks and changes in federal commitment to student financial aid programs are outlined, and examples of alternatives to traditional sources for aid funds are discussed. Examples include institutional investment policies, state programs, community-based funding, a national tax-exempt funding vehicle, and educational savings plans. (MSE)

This report responds to the 1992 Virginia General Assembly's request of the State Council of Higher Education to "study the efficacy and appropriateness of establishing a prepaid tuition trust program within the Commonwealth's system of higher education." They asked that the study include, at least, an examination of programs in other…