Tag: college students

Melissa Byers and Rich Rauh began stashing away money in 529 college savings accounts for their sons not long after they were born.

When their older son graduated from the University of California, San Diego, a public university, he still had money available in his account. But their younger son, who elected to go to Chapman University, a private and much costlier school, needed more than what was in his 529.

So the couple, who live in Lake Forest, California, took advantage of the flexibility they initially admired in 529 plans: They simply changed the beneficiary on the account from one son to another—without facing any taxes or penalties.

As a young married couple in college, money can be a finite resource. It's tough to think about going out to dinner and a movie when you're trying to figure out how to purchase your textbooks. To make the most of your experience and to not let the stress of money effect your marriage, you'll want to stretch every dollar as far it can go. Thanks to the internet, every product and necessity can be found online, most likely for a fraction of the price they sell for in stores. We've identified four areas where you can save money—hopefully freeing up enough to squeeze in a date night once a semester.

You and your spouse have watched them grow. You’ve both experienced the ups and downs of living under one roof for the past 18 years together, but the time has come and they’re about to leave the nest for college—both an exciting and anxiety-ridden experience for most.

Often overlooked is the safety of your child’s identity. These young adults living away from home for the first time are particularly vulnerable to identity theft. In a 2010 survey, Javelin Strategy and Research found that young adults, aged 18-24, take the longest to detect identity theft—132 days on average