2022-2024 Form

Instructions and help about Indiana's CollegeChoice 529 Education Savings Plan Credit

hello today's presentation will provide information for you about a tax advantaged way to save for the education needs of you or your loved ones the college Choice 529 savings plans we all know that college is expensive and costs continue to rise many students rely on loans to cover the cost which means nearly 60 percent of Indiana students graduate or leave school with around thirty thousand dollars in debt the good news is that saving any amount ahead of time creates an expectation of attending and completing post-high school education and most importantly can reduce or eliminate the need for costly student loans how much of a financial difference can saving really make you might be surprised let's take a look at how saving for Education early can mean fewer student loans later in scenario one Emma's parents begin saving 100 each month when she's born after 18 years and assuming an annual five percent rate of return on their Investments they could potentially save more than thirty fi