OasisLMS

Helping clients save for college

Saving for a child’s college education is a years-long endeavor that requires careful planning. This self-study course examines personal financial planning for college, a critical consideration affecting areas from cash flow planning to income taxation.

In this course, you’ll learn about the personal financial planner's role and the need to be knowledgeable about education funding vehicles, student financial aid programs, education tax credits, as well as income tax applications for education planning. Coordinating these disparate elements is necessary to accomplish a successful education plan.

A guide to education funding vehicles

There are many ways to save for a college education. You’ll get to know education-specific funding vehicles, including:

• Education Savings Bond Program
• Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA)
• Federal Direct Loans
• Coverdell Education Savings Account
• Qualified Tuition Programs, including Section 529 plans

On the pulse of modern education funding strategies

Updated for recent changes to Section 529 and other education-specific plans brought by SECURE 2.0, this course delves into financial aid and other funding methods. The final part of this course examines how education planning is integrated with the other areas of personal financial planning.

Learning Outcomes

• Determine the information that must be gathered to develop an education plan.
• Identify the various sources of funding for education.
• Determine the available options for educational financial aid.
• Recognize the integration of education planning with other areas of personal financial planning.

Key Topics

• The planning process and gathering of information
• Assessing financial aid and funding methods
• Funding strategies and tax planning
• Integration with other areas of PFP

Who Will Benefit

• CPAs
• Financial planners
• Qualified professionals with basic knowledge of, and interest in, personal financial planning