1289: The 411 of 529 Plans and the Best Ways to Save for College and Higher Ed

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 8 December 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

We take a closer look at one of the most popular college savings vehicles - the 529 plan. Guest Patricia Roberts, author of Route 529: A Parent’s Guide to Saving for College and Career Training with 529 Plans, shares her expertise. For 23. years, Patricia has helped tens of thousands of families plan and save for college...and avoid millions of dollars in student loan debt. She is also Chief Operating Officer at www.giftofcollege.com. Years prior, as a brand-new parent struggling to repay over $100,000 in student loan debt that she and her husband they accumulated (as first-generation college goers from low-income families), Patricia was absolutely determined to make sure her son would have a less financially stressful academic experience when he grew up. Having learned about 529 plans through her work, she began saving a little at a time from each paycheck as soon as she returned from maternity leave and 22 years later in June 2021, she proudly celebrated her son Ben’s debt-free from college (Clark University in Worcester, MA). Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So many episode 1259, all things 529 with author Patricia Roberts.
0:07.8	You're listening to So Money with award-winning money guru,
0:10.8	Farnoosh Karabi.
0:12.3	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:17.5	authors, influencers, and from Farnoosh yourself.
0:21.8	Looking for ways to save on gas or double your double coupons?
0:25.5	Sorry, you're in the wrong place.
0:27.6	Seeking profound ways to live a richer,
0:29.6	happier life. Welcome to So Money.
0:34.2	I say whatever dreams you have for your child or you think they may pursue,
0:38.8	start saving for them one way or another.
0:41.2	I think 529 is a great way to go. It's not the only way to go.
0:45.4	Welcome to So Money, everybody. I'm Farnoosh Karabi.
0:48.0	We're dedicating the show to 529 plans,
0:51.0	saving for college education. My guest is Patricia Roberts.
0:55.4	She's an author and chief operating officer of Gift of College.
0:58.9	She's helped tens of thousands of families avoid millions of dollars in student-loan debt
1:03.6	over the past 23 years. She's the author of Rue to 529,
1:08.1	a parent's guide to saving for college and career training with 529 plans.
1:13.6	But perhaps her most favorite role is the proud mom to her son,
1:17.6	who recently graduated debt-free from college this past summer.
1:21.9	And he actually wrote the forward to her book reflecting on his experience of growing up in
	...

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