Education planning common questions

Saving for college

Should I save for college in my name or my child's name? 

What is the college inflation rate? 

Do series EE bonds offer any special advantages if used for college savings? 

Paying for college

I've heard that a grandparent can pay a grandchild's tuition directly to the college without any gift tax problems. Is this true?

Should I withdraw money from my IRA to pay for my child's college tuition? 

Financial aid

How do I know if I'm eligible for federal financial aid? 

Is there anything I can do now so that my child can obtain more financial aid later?

Can anyone get a Pell Grant? 

Can we negotiate our child's financial aid award? 

What are the major federal financial aid loan programs? 

Are there any assets that are not counted for financial aid purposes? 

529 Plans

I've decided on a state savings plan, but how do I go about choosing one? 

Will I be penalized if the money in my 529 plan isn't used for college expenses? 

What recourse do I have if I'm unhappy with my state savings plan's investment performance? 

Can I deduct my contributions to my 529 account? 

How does the annual gift tax exclusion apply to contributions to a 529 plan? 

Are qualified withdrawals from state savings plans exempt from state taxes? 

I opened a state savings plan sponsored by a different state than my own. Will I get that state's tax benefits? 

Can I borrow against the value of my 529 account? 

My child will be going to college next year and using 529 funds to pay expenses -- what do I need to do? 

What happens if my child finishes college and there is money left over in the 529 account? 

What happens to my 529 plan if my child wants to postpone going to college for a year or two after high school? 

Note Regarding 529 Plans: Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans before investing. More information about 529 plans is available in each issuer's official statement, which should be read carefully before investing. Also, before investing, consider whether your state offers a 529 plan that provides residents with favorable state tax benefits.

Information provided in these articles has been prepared from sources and data we believe to be accurate, but we make no representation as to its accuracy or completeness. 

AXA Equitable Life Insurance Company (NY, NY). Securities are offered through AXA Advisors, LLC, NY, NY 212-314-4600 (member FINRA / SIPC). AXA Equitable and AXA Advisors are affiliated companies and do not provide legal or tax advice or services.

GE-130260 (12/2017)