Costa Mesa EA Explains How To Clear The College Tuition Hurdle

COSTA MESA, Calif. – College prices are well on the rise, and much faster than the price of groceries and nearly everything else according to the most recent College Board Annual Survey of Colleges study. Enrolled Agent and tax expert, Tom Bass, EA, offers some specifics.

“If your children are still young, you will need to put back $430 each month to cover in-state college expenses. You can then double for a private college. Mind you, this doesn’t factor-in cash needed for a phone, laptop, pizza, room decor or other important things to typical college students,” Bass said.

A debt-free start to adulthood is one gift you can give a student. Another option is requiring children to fund part or half of their own college education. Students can work hard in high school, to apply for scholarships, save with a job, complete work-study programs and accepting reasonable student loans.

“As a tax planner, I don’t recommend investing in in prepaid college tuition programs,” Bass stated. “Returns from these programs are based on standard money market rates. Those are extremely low right now. Or worse, you don’t want to be locked into a tuition which might drop on its own in a few years.”

Tom Bass, EA & Rhonda Johnson together run Accountable Solutions, providing tax services to individuals and families as well as small businesses. Give them a call 866.282.3127, email Sydney@AccountableSolutions.biz or visit their website http://costamesataxreturn.com

Contact Information

Tom Bass

Business Owner

Accountable Solutions

(1) 866.282.3127

Sydney@AccountableSolutions.biz