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Financial Planning For College: What You Should Know

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  • 1.

2. Learn the Basics
No matter how you plan to pay for college, understanding common financial terms and concepts will help you make decisions that are right for you.
3. Liquidity
is how easy it is for you to get money out of an account. Accounts with restrictions or penalties for getting your money are less liquid than those without.
What to Ask Yourself
What You Need to Know

  • How much money and how long do I have to commit?

4. Are there rules about if/when I can get my money out? 5. Are there penalties for early withdrawal? 6. Do I need access to my money? 7. Can I afford the penalties in an emergency?