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Education Planning

The key to sending your child to college is advance planning.


How Can Abelow Pratt & Associates Help?


The federal government has implemented several tax incentives to encourage education saving and ease the financial burden of paying for education expenses. Many of these incentives were added or expanded with the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001. The most important incentives include:



  • 529 plans (Qualified Tuition Programs)

  • Coverdell Education Savings Accounts (formerly Education IRAs)

  • College Tuition Deduction

  • Employer-paid Educational Assistance Programs

  • Student Loan Interest Deduction

  • Hope and Lifetime Learning Credits


We are here to assist you in selecting the appropriate solution to help you work towards the goal of funding your child's education and starting early is the best first step.


Contact Us About Education Planning


Whether part of a comprehensive Financial Plan or as a separate Education Plan, we are here to assist you in designing a strategy that fits with your personal and financial goals.

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