Finance 5 Welcome to your Finance 5 Quiz. Please click on "Next" to continue. What is the primary different between a Prepaid Tuition Plan and a College Savings Plan? A College Savings Plan allows a person to pre-buy credit at a college, whereas the Prepaid Tuition Plan invests the money in a portfolio. A Prepaid Tution Plan allows a person to pre-buy credit at a college, whereas the College Savings Plan invests the money in a portfolio. Prepaid Tuition Plans are only for students who have already been accepted to the college. All investments in every College Savings Plan are guaranteed. Investment brokers do not deal with 529 Plans. True False Active duty and Veterans who have served at least 3 years (36 months) on active duty since September 10, 2001 are eligible for 100% tuition under the Post 9/11 GI Bill. True False In 2018 the average yearly tuition for a state college was how much? $34,000 $25,000 $10,000 $120,000 There are no fees involved in a 529 plan? True False Why would a 529 plan be valued by many heroes? It is a good way to save money for a boat without getting taxed. It allows parents to save for their children's future education. It allows parent to save money to start a business with their children without paying any fees. What is another name for a College Savings Plan that includes an age-based portfolio? Static fund portfolio Target-date portfolio Exchange-traded portfolio Stock fund portfolio Which of the following are some of the qualifications for the Post-9/11 GI Bill? (Select all that apply) 90 Days of combined service after September 10, 2001 Discharged with a service-connected disability after at least 30 days National Guard mobilized on Title 32 after September 11, 2001 Other than honorably discharged on or before September 11, 2001 Defaulted student loans drop off a credit report after two years. Please select your answer True False The GI Bill will pay for all of a Veteran's education. True False Stage Name/Real Name Unit Time's up Posted on August 24, 2019April 24, 2020 By admin
