Panel of Experts

Karl Schellscheidt

SAT Prep Expert

  • BSE, Princeton University '90
  • M.A., Secondary Education Seton Hall University '93
  • J.D., University of Pennsylvania Law School '00

Fred Hargadon

Dean of Admission

  • Swarthmore College
    (1964-1969)
  • Stanford University
    (1969-1984)
  • Princeton University
    (1988-2003)

Don Betterton

Financial Aid Expert

  • Director of Financial Aid, Princeton University (1973-2006)
  • Certified College Planner
  • Principal, Betterton College Planning

Seamus Malin

Admission Expert

  • Harvard University
    Dir. of Financial Aid
    (1966-1977)
    Asst. Dean of Admission
    (1977-1987)
    International Office Director
    (1987-2002)

College-Savings/529 Plans to Benefit from Bush’s Budget Plan

Don Betterton

college admissions expert advice from eprep.com Reporter Paul Fain’s article in today’s Chronicle of Higher Education discussed how Bush’s proposed budget would affect college-savings plans (also known as 529 plans). The language of the proposed budget would create a small tax credit for low-income families and significantly change the way plan savings factor into federal financial aid calculation. This could be big for savers.

For some general background information on saving for college and 529 plans, see my ePrep video interview.