Struggling with student loan debt?
College of Marin is here to help. We’ve partnered with Horace Mann to bring you easy-to-use online tools, knowledgeable loan coaches and personal consultations to help you manage your student loan debt, apply for federal loan forgiveness and get on a path toward a brighter financial future.
With Horace Mann Student Loan Solutions, you’ll be able to:
- Learn more about recent updates to the Public Service Loan Forgiveness (PSLF) program
- Determine your best repayment plan & calculate your loan forgiveness potential
- Receive ongoing support and guidance
This program is complimentary for College of Marin employees. Learn more and get started by visiting https://www.horacemann.com/student-loan-debt-help/signup
After you have created your no-cost Student Loan Solutions account, loan coaches are available to help you via phone, chat and email.
Horace Mann Student Loan Solutions - Getting started with your Tuition.io account
ScholarShare 529
It’s never too early to prepare your child or grandchild for a successful future. No matter what their age — with the rising cost of tuition — the time to start is now.
ScholarShare 529 is a state-sponsored, tax-advantaged 529 college savings plan that’s helping families and individuals plan for the cost of higher education. It’s available to any citizen or tax payer. And just about anyone can help contribute including Grandparents, other family members and friends.
It only takes about 15 minutes to open an account online and it is easy to manage. There are a variety of low-cost investment portfolios to choose from including enrollment based, multi-fund, single-fund and guaranteed options.
A 529 college savings plan helps you save more over time. Any ScholarShare 529 earnings grow free from federal tax. Withdrawals for qualified higher education expenses are tax-free at both the federal and state level. Withdrawals for up to $10,000 of tuition expenses at a public, private or religious elementary, middle, or high school per student, per year across all 529 plans are also tax-free at the federal level. The earnings portion of any withdrawal used to pay for tuition expenses at a public, private or religious elementary, middle, or high school are taxable at the state level for California taxpayers. See the Plan Description for details. As a 529 Plan, ScholarShare 529 also offers certain gift and estate tax planning benefits; consult your tax advisor.
If using the funds for qualified higher education expenses, you can use the funds for a lot more than just tuition — including required fees, certain room and board costs, books, supplies, as well as computers and related technology costs such as Internet access fees and printers. Additional equipment required for attendance may also qualify. Funds can be used at most accredited colleges and universities in the United States — even certain colleges abroad. In addition, up to $10,000 annually per student, in aggregate from all 529 plans, can be withdrawn free from federal tax if used for tuition expenses at a public, private or religious elementary, middle, or high school.
Please see the state tax treatment of withdrawals used for K-12 school tuition here.
If you’re worried about having the account in one state and attending school in another, don’t be. With most plans, your school choice is not affected by the state of your savings plan. You can be a resident of California, and send your student to college in North Carolina.
ScholarShare529 - Plan Details & Information
Ways to Save & Pay for College - Comparing Your Options
10 Reasons to Save with ScholarShare 529
529 College Savings Plan Compare (other States)