The path to a debt-free education? Save early and often - News, Weather, Sports, Toledo, OH

The path to a debt-free education? Save early and often

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  • In the air: Just how germy are those hand dryers in public bathrooms?

    In the air: Just how germy are those hand dryers in public bathrooms?

    Monday, June 25 2018 5:45 PM EDT2018-06-25 21:45:19 GMT
    You probably do it without any thought, put your hands under the dryer after washing your hands at a public restroom. Have you every thought about what exactly is being blown onto your hands? Think about it, every time you flush, fecal bacteria may be shooting up into the air. In a recent national study, scientists say from there, it goes into the hand dryer and onto your hands.  "Just wash my hands, put them under there. Don't really give it no thought," Toledo resid...More >>
    You probably do it without any thought, put your hands under the dryer after washing your hands at a public restroom. Have you every thought about what exactly is being blown onto your hands? Think about it, every time you flush, fecal bacteria may be shooting up into the air. In a recent national study, scientists say from there, it goes into the hand dryer and onto your hands.  "Just wash my hands, put them under there. Don't really give it no thought," Toledo resid...More >>
  • The path to a debt-free education? Save early and often

    The path to a debt-free education? Save early and often

    Friday, June 15 2018 6:10 PM EDT2018-06-15 22:10:31 GMT

    Jonathan Sagaser is one of millions of American parents working to send his kids to college. "We had the inspiration to do it early on," he says. Jon and his wife own Sebastiano's Italian restaurant in South Toledo. Their three children, age six, four and two spend a lot of time there as the couple sometimes works 60 to 80 hours a week as small business owners. They plan to pay for half of each of their children's education. "I guess we just want to give them a little b...

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    Jonathan Sagaser is one of millions of American parents working to send his kids to college. "We had the inspiration to do it early on," he says. Jon and his wife own Sebastiano's Italian restaurant in South Toledo. Their three children, age six, four and two spend a lot of time there as the couple sometimes works 60 to 80 hours a week as small business owners. They plan to pay for half of each of their children's education. "I guess we just want to give them a little b...

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  • Day tripping: Have an adventure without busting your budget

    Day tripping: Have an adventure without busting your budget

    Tuesday, June 12 2018 10:40 AM EDT2018-06-12 14:40:18 GMT
    (Source: WTOL)(Source: WTOL)

    We're all familiar with our fantastic metroparks, the Toledo Zoo and the Toledo Museum of Art. We have our staples, but if you're up for an adventure this summer, and need to watch your wallet, you need ideas and advice. “The more you can be out and about doing things, the less time they're spending in front of a tablet or a TV,” said Jen Sherwin.  Between nieces and nephews, babysitting, and her own child, Sherwin has finding things to do down to a science.

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    We're all familiar with our fantastic metroparks, the Toledo Zoo and the Toledo Museum of Art. We have our staples, but if you're up for an adventure this summer, and need to watch your wallet, you need ideas and advice. “The more you can be out and about doing things, the less time they're spending in front of a tablet or a TV,” said Jen Sherwin.  Between nieces and nephews, babysitting, and her own child, Sherwin has finding things to do down to a science.

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TOLEDO, OH (WTOL) -

Jonathan Sagaser is one of millions of American parents working to send his kids to college.
"We had the inspiration to do it early on," he says.
Jon and his wife own Sebastiano's Italian restaurant in South Toledo.
Their three children, age six, four and two spend a lot of time there as the couple sometimes works 60 to 80 hours a week as small business owners.
They plan to pay for half of each of their children's education.
"I guess we just want to give them a little bit of a helping hand but we also don't want to just do it for them which is also why we're not going to fund 100 percent of their education."
Jason Harsh is an Ameriprise financial adviser who works with parents like Jon to pay the huge cost of tuition.
Harsh recommends a 529 plan, which is specifically for education.
"With the new tax laws that changed, in the state of Ohio, if you're an Ohio resident and you use an Ohio plan, you can deduct up to $4,000 per year off your state income tax per child. If you have three children, you funded $4,000 each kid, you get $12,000 state tax deduction," he says.
There are a lot of tax benefits to the 529 plan.
Harsh says if you use the state plan in Ohio, you can take a state tax deduction.
You're not paying taxes as it accumulates. It pays dividends, capital gains and if it's used for higher education, it's 100 percent tax free. It can be used for room and board, books, a computer, even a car in some cases.


  • Check out the College Price Calculator here

Harsh says kids can also save wherever they can.
"Birthday money, Christmas money, First Communion money, all that kind of stuff."
Here's how you can save thousands more.
"Students who are in seventh grade through 12th grade are eligible to take classes," says Betsy Johnson, Director of Financial Aid and Scholarships at Bowling Green State University.
Johnson advises to look for information on post-secondary courses from your district and attend meetings. 
"We're seeing students coming in easily with a year or two of college credit without even graduating high school," says Johnson.
That's FREE education.
Also, schools like BGSU offer meal plans to choose from which are less expensive.
If your student chooses an older dorm or takes on a roommate or two, you can save big money.
And, your child can apply for huge scholarships even as a sophomore or junior.
"It's anywhere from $500 to $5,000 dollars, depending on your eligibility, your GPA ,things like that, so it can be a significant savings for the family," says Johnson.
New this year, many universities across the state are establishing a tuition guarantee, so you'll pay the same amount for room and board and fees for the entire four years.
"That gives families the time to prepare, time to plan as opposed to have to waiting until the July of next year to know if tuition's going to change."


•    The Inter-University Council of Ohio (IUC) released a report on Tuesday about the economic impact study of the value of Ohio’s 14 public universities.
 
•    The study confirms that Ohio’s public universities are substantial drivers of economic activity, creators of economic opportunity, and a great long-term investment for students and the state.
 
•    The findings indicate that the Ohio’s public universities, their students and their statewide alumni added $42 billion in income to the Ohio economy in 2016-17. That’s 6.7 percent of the Gross State Product. 
 
•    The universities’ total economic impact of $42 billion supported 558,841 jobs, which represents 1 out of every 12 jobs in the state.
 
•    Students at Ohio’s public universities realize a 13.7 percent annual return on their investment – or $4.60 in future earnings for every $1 they spend on tuition, supplies and opportunity costs.

Copyright 2018 WTOL. All rights reserved.

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • More headstones vandalized in Forest Cemetery

    More headstones vandalized in Forest Cemetery

    Wednesday, July 18 2018 5:40 PM EDT2018-07-18 21:40:33 GMT
    (Source: Find A Grave)(Source: Find A Grave)

    Eight more headstones in Forest Cemetery were toppled over on Tuesday night. A Toledo City Councilman is urging folks to come forward to help catch whomever is behind the vandalism. 

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    Eight more headstones in Forest Cemetery were toppled over on Tuesday night. A Toledo City Councilman is urging folks to come forward to help catch whomever is behind the vandalism. 

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  • Terra State and Vanguard-Sentinel partnership gives students head start

    Terra State and Vanguard-Sentinel partnership gives students head start

    Wednesday, July 18 2018 5:31 PM EDT2018-07-18 21:31:43 GMT
    (Source: WTOL)(Source: WTOL)
    (Source: WTOL)(Source: WTOL)

    A new partnership between a local career school and community college is expected to save local families a lot of time and money. Wednesday, Terra State Community College and Vanguard-Sentinel Career and Technology Centers officially began a partnership to help develop better career pathways for their students. The goal is to give these students a head start for potential jobs of the future. "The other side of the issue is you look at our schools with over 30 percent remediat...

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    A new partnership between a local career school and community college is expected to save local families a lot of time and money. Wednesday, Terra State Community College and Vanguard-Sentinel Career and Technology Centers officially began a partnership to help develop better career pathways for their students. The goal is to give these students a head start for potential jobs of

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  • Off The Radar - Episode 20 - The Thirst Is Real

    Off The Radar - Episode 20 - The Thirst Is Real

    Wednesday, July 18 2018 5:28 PM EDT2018-07-18 21:28:40 GMT

    Episode 20 is ready for you! We're talking about a summer transition we're in from a dry and hot past few weeks to a different outlook ahead. Algae on Lake Erie is being watched and we take a short visit to the fairground! Subscribe to 'Off The Radar' Now: Apple: http://apple.co/2CyCoh7 Android: http://bit.ly/2E1ySJz

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    Episode 20 is ready for you! We're talking about a summer transition we're in from a dry and hot past few weeks to a different outlook ahead. Algae on Lake Erie is being watched and we take a short visit to the fairground! Subscribe to 'Off The Radar' Now: Apple: http://apple.co/2CyCoh7 Android: http://bit.ly/2E1ySJz

    More >>
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