How do you solve this Steve and Steph feel that they make and have plenty of money to send their two children to the best university available therefore, they rejected their banker's suggestion to open college savings plans Which of the following reasons should persuade them to invest in a college savings plan Possible answers Steve and Steph may qualify for state tax deductions under Section 529 plans and can definitely shield some of their unearned income from taxes The government subsidizes Section 529 plans, so they might as well take the free money Colleges will offer tuition rebates for students who do use college savings plans Steve and Steph still qualify for American opportunity tax credits even if they contribute to Coverdell Education Savings Accounts that provide tax free earnings ( THIS IS NOT THE ANSWER)

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Question: How do you solve this? Steve and Steph feel that they make and have plenty of money to send their two children to the best

How do you solve this?

Steve and Steph feel that they make and have plenty of money to send their two children to the best university available; therefore, they rejected their banker's suggestion to open college savings plans. Which of the following reasons should persuade them to invest in a college savings plan?

Possible answers:

Steve and Steph may qualify for state tax deductions under Section 529 plans and can definitely shield some of their unearned income from taxes.
The government subsidizes Section 529 plans, so they might as well take the free money.
Colleges will offer tuition rebates for students who do use college savings plans.
Steve and Steph still qualify for American opportunity tax credits even if they contribute to Coverdell Education Savings Accounts that provide tax-free earnings. ( THIS IS NOT THE ANSWER)

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