COLLEGE EDUCATION FUNDING



COLLEGE EDUCATION FUNDING

MAGAZINE PROJECT

100 Points

To understand the enormous costs associated with a college education, students will build a 6 to 8 page magazine that analyzes the following:

1. History of College Cost Inflation (nationally and in Florida)

2. Grants

o Pell Grants

o Supplemental Educational Opportunity Grants (SEOGS)

3. Loans

o Perkins Loans

o Stafford Loans

o PLUS Loans

o Second Mortgages

o Home Equity Lines of Credit

4. Scholarships

5. Gift Giving/Taxes

o Maximum Lifetime Exclusion

o Gift Taxes

o Kiddie Tax Law

o Tax Credits

▪ American Opportunity Learning Credit

▪ Lifetime Learning Credit

o Student Loan Interest Deductibility

6. Custodial Accounts

o Uniform Gifts to Minors Act (UGMA)

o Uniform Transfers to Minors Act (UTMA)

7. Free Application for Federal Student Aid/The College Aid Formula

8. Trusts

o Living Trust

o Testamentary Trust

o Minor’s Trust

o Revocable vs. Irrevocable Trusts

9. Systematic Savings/Investment Opportunities

o State Sponsored Prepayment Plans

▪ 529 Plans

• Florida College Investment Plan

▪ Florida Prepaid College Plan

• Tuition Plan

• Local Fee Plan

• Dormitory Plan

o Individual Retirement Accounts

▪ Traditional IRA

▪ Roth IRA

▪ Education IRA

For each of the nine major sections, students will research the individual components and generate a magazine that pertains to a family’s financial plan with respect to education funding. Students who elect to cut and paste their responses will receive a ZERO for the assignment. Appropriate internal documentation is required within each summary! ALL SOURCES USED FOR THE PROJECT WILL BE INCLUDED IN A WORKS CITED THAT WILL ACCOMPANY THE PROJECT! The works cited account for 10% of each group’s grade. Groups are to use footnotes to disclose their sources. A MINIMUM OF 15 SOURCES MUST BE INCORPORATED INTO THE PROJECT.

All projects are required to be typed. Individual summaries are to be single-spaced. Each group is encouraged to use as many visual aids as possible in the presentation of their magazine format to appeal to the reader. Each group shall print 5 copies of their magazine so that each member will be able to include a magazine with their individual family analysis that they will be presenting to their client (part 2 of the assignment).

ALL PROJECTS ARE DUE MONDAY, FEBRUARY 26.

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