College Advantage Put Your Tax Return To Good Use

April 6, 2012 by  
Filed under Product Reviews

It is tax time, which means everyone is in a time crunch to get their taxes done and out the door by the April 15th deadline.  If you are anything like me, you look forward to getting some sort of refund.  Most families have already earmarked what the money is for, whether it is home improvements, to pay off debt, or just to put a little money back in the bank.   With a little extra money in your pockets you feel a little richer and can set aside money for more important things.  What about college?

College advantage has a great way to put money aside for your child’s education.   Getting started is super simple and families can enroll by going online at www.collegeadvantage.com. In just a mere ten minutes, you are already taking a step in in the right direction to ensure your child’s or children’s future. You can invest as little as $25 to get started you can make contributions through payroll deduction or electronic funds transfers throughout the year. Future participants can enroll online, download enrollment materials or request enrollment materials by calling 1-800-AFFORD-IT.

When you look at College Advantage you may be noticing that is says the “Ohio College Advantage 529 savings plan” but CollegeAdvantage funds can be used at any college not just Ohio and any university nationwide to pay for tuition, fees, room and board and other eligible expenses.  CollegeAdvantage offers nationwide enrollment, so you don’t have to be an Ohio resident to participate in Ohio’s College Advantage 529 Savings Plan.   This makes it to where anyone can get a child ready for the future, whether you are a parent, a doting grandparent, or you wish to give someone a gift, it is a win win situation for everyone and a gift you can feel good about giving.

Recently, College Advantage welcomed Paul Paeglis as the new Executive Director. Paul brings more than 20 years of experience in the banking and financial services industry, with skills in finance, risk management, operations, strategic planning and relationship management. Most recently, he served for more than 10 years as Chief Financial Officer of Tax Related Products at JPMorgan Chase. With  children of his own, Paul is passionate about the mission to provide high-quality savings programs to help families prepare financially, he understands what this means to families and the financial challenges that saving for college entails.

Now is a great time to start a College Advantage Savings Plan!

Currently, Ohio Tuition Trust Authority is encouraging families invest using their tax return dollars. From March 18 through June 1, 2012 Tuition Trust will provide a $25 account bonus to any new  College Advantage direct account with a $500 or more initial contribution. Existing account holders who make a onetime contribution of $3,000 to an account between March 1 and April 30, 2012 will receive a $50 bonus. This is a great added bonus and who couldn’t use free money towards college?

So if you are wondering what to spend your tax refund on, or you want to give a thoughtful gift to a child in your life, College Advantage is a great way to do that!  They may not jump for joy at a gift that isn’t tangible right now, but will appreciate the gift of education later when it matters the most.  More information can be found about College Advantage’s latest promotions and SAVINGS by visiting www.collegeadvantage.com and entering promo code SAVINGS or by visiting the OTTA Promotions tab at Facebook.com/CollegeAdvantage.

 

 

 

 

**I was compensated for this post all opinions expressed here are that of my own**