Your College Today

By John Rothe

As the kids are back in school and summer vacation is over, now is a good time to sit down and review how to pay for the big “C”. Yes, college. The cost of sending a student to a 4-year college has been rising at a rate higher than inflation. What does that mean? It means it is time to start saving –now.

Currently, the University of Virginia, will cost an out of state student $27,750 in tuition. That number does not include room and board, at $7,435. If that seems to be a large number now, wait until your 1 year old enrolls.

According to The College Board’s “Trends in College Pricing” tuition has increased an average of 6.5% per year for the last 10 years.

At that rate. when you one year old turns 18, tuition could cost over $80,000 per year. Fortunately, there are some options to help you start saving now:

529 Plans. Each state has there own 529 plan. Most states will give you a state tax deduction if you use your own state’s plan. 529 plans come in two forms—prepaid tuition plans and college savings plans. Prepaid tuition plans allow you to buy future tuition at today’s prices. College savings plans, on the other hand, offer tax benefits and a variety of investment options. Earnings grow tax-deferred, and qualified withdrawals are tax-free. Nonqualified withdrawals are subject to income tax, as well as a 10% federal income tax penalty.

Coverdell Education Savings Accounts (ESAs, formerly known as Education IRAs). You can contribute $2,000 annually to an ESA, and funds may be used to pay for elementary and secondary education, in addition to college expenses. One major advantage of Coverdell ESAs is that if the funds are used to pay for qualified Continue Reading…

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Hey as a college student we are always looking for some fun.

Check out this video, it’s really funny. Would you Eat a Animal?

Hope you enjoyed the video!

To Your Immediate and Lasting College Fun!

Kenney Jr.
Director

Technorati Tags: college, college fun, funny college video

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By Bob Alexander

College football is only a few weeks away and I’m having a hard time waiting for the opening kick-off! My enthusiasm for this time of year is twofold; I start thinking about river fishing and listening to the University of Alabama play football on Saturday afternoons.

For more years than I care to remember, I’ve spent a lot of my Saturday afternoons in autumn, on my boat anchored in the middle of the Tennessee River, just about a mile downstream from the Guntersville Dam where big catfish roam!

With my radio tuned to a station that carried broadcasts of the Crimson Tide and two rods baited with chicken liver, I would spend a leisurely afternoon fishing and cheering for the “Tide”. If I were out of range from a station that carried my team, I would tune to any SEC school that I could receive on my old battery powered radio.

Saturdays on the Tennessee River in autumn are usually warm and calm but without the stifling heat of summer. Usually only one or two of the turbines at the dam are churning the water to white foam, while making the current downstream gentle and peaceful. The old song, “Up a Lazy River” really applies to this 652 mile long ribbon of water. On peaceful weekends in the fall when the days are cooling down a little, big catfish that hide up and down the river in holes and caves near the banks, come out to find their afternoon snacks.

There have been many huge catfish caught on the Tennessee River. The largest I have ever seen weighed Continue Reading…

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