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Lock Up the College Funds, Or It Is Easy To Raid Them

A graduate wears a houndstooth ribbon on her graduation cap during the University of Alabama commencement ceremony at Coleman Coliseum in Tuscaloosa, Alabama, August 6, 2011, in honor of fellow students who were killed in a devastating April 27, 2011 tornado. REUTERS/Marvin Gentry

By Beth Pinsker NEW YORK (Reuters) – If your kids’ college savings are not walled off in some kind of separate account, how do you keep yourself from raiding the kitty? Stephanie Sadural Heincker is one mom who does not trust herself: she has an automatic deduction from each paycheck go into 529 college savings plans for her two- and four-year-old. Heincker’s own parents dipped into the money they had set aside in a savings account for her, so she ended up saddled with a lot of student debt. “This is the least I can do to try to smooth…



Are You Saving Too Much for your Kids’ College?

A graduate from New York University sits in the stands of Yankee Stadium, while wearing a mortarboard with a message on it, during a commencement ceremony in the Bronx borough of New York on May 21, 2014. REUTERS/Carlo Allegri

By Chris Taylor NEW YORK (Reuters) – Parents these days are expected to pull off a financial Mission: Impossible. Cover the monthly bills, pay down debts, help elderly parents, save for retirement and for kids’ college costs, all with incomes that may have been flat for years. Facing such a…

Massive Breach Exposes Hundreds of New SAT Questions

Thousands of tables are seen inside a hall at Asia-World Expo near Hong Kong Airport in Hong Kong, China October 2, 2015, one day before SAT examinations to be taken place. REUTERS/Bobby Yip

By Renee Dudley BOSTON (Reuters) – Shortly after David Coleman took over as CEO in 2012, the College Board began redesigning its signature product, the SAT college entrance exam. The testing company also hired a consultancy to identify the risks associated with the monumental undertaking. Among the red flags that…

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