May 2015 Newsletter

May 2014 Financial Aid News Flowers

5/29: A Good Day to Save Hard

May 29th is National College Savings Day. A 529 plan is a state-sponsored savings and investment program that lets you save on your income taxes when funds are used for qualified higher education expenses. Some states offer special incentives for opening accounts at this time of year.

Learn more about 529 College Savings Plans.

The Seven Scholarships

This monthly section of the Financial Aid Newsletter features an intriguing list of seven scholarships that share a common characteristic. We hope this section will make you smile and inspire you to apply for more scholarships.

Seven Summer Sports Scholarships

  1. American Legion Baseball Scholarship
  2. Buddy Pelletier Surfing Foundation Scholarship
  3. Wendy's High School Heisman Award
  4. North American Rolex Scholarship
  5. The USTA Serves College Education Scholarship
  6. Thomas B. Crowley Sr. Memorial Scholarship Program
  7. Caitlin Brondolo Charitable Foundation Golf Scholarship

Monthly Stats

Assets in 529 Plans Nationally

Assets in 529 Plans Nationally Bar Chart

*In billions of dollars

Source: CSPN Year-End 529 Report Infographic

Ask the Edvisor: Your Questions, Answered


We have a 529 college savings plan with about $20,000 for our son who will be starting college this coming fall. What is the best way to use the money in this account?

Get the answer from the financial aid experts at Edvisors.


Wait at least a week before buying anything expensive to make sure you really need it.

Term of the Month

Master Promissory Note

The Master Promissory Note (MPN) is an agreement to repay federal education loans received during a continuous period of enrollment. It sets forth the terms and conditions of the loans.

See more terms in the Edvisors glossary.

Hot Money Tips

If you need help in filing the FAFSA, download our free guide.