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WASHINGTON, D.C.//June 28, 2004//Runaway tuition and other education expenses don't have to make attending college or a university a financial impossibility for your child, according to the nonprofit Alliance for Investor Education (AIE). Today, the Alliance highlighted 10 of the best available investor education materials on "529" savings vehicles and other approaches to planning ahead to meet college expenses.
The collection of top resources - "Saving for College: 529s and More" – is available on the Web at http://www.investoreducation.org/529sandmore.cfm. AIE is an 18-member organization of leading financial-related trade associations and governmental organizations.
"Education is the wisest - and often costliest - investment a person can make," said Alliance for Investor Education President Michael D. Jones, who also serves as senior executive vice president and chief administrative officer for the National Association of Securities Dealers (NASD). "With the staggering cost of education in the U.S. today, it's important for families and students to plan ahead. With the right information and guidance, getting an education doesn't have to break the bank. Our goal in providing this information is to make sure that families can start planning ahead for the richest possible futures for their children."The new "Saving for College: 529s and More" section of the AIE Web site features the following education savings information:
"Smart Saving for College," Financial Industry Regulatory Authority.
"A Guide to Understanding 529 Plans," Investment Company Institute.
"Financial Planner: An Update on 529 Plans," Better Investing/National Association of Investors Corporation.
"Invest for College: Overview," Path to Investing/Foundation for Investor Education.
"College Planner: Ways to Save for College," Tomorrow’s Money/The Bond Market Foundation.
"Saving for College," Certified Financial Planner Board of Standards.
"College Prep Guide: Planning and Saving for a Child's Higher Education," American Association of Individual Investors.
"Education Savings," Investment Company Institute.
"Resources for Students," U.S. Securities and Exchange Commission.
"College Planner: Calculate Your Future," Tomorrow's Money/The Bond Market Foundation.
The Alliance for Investor Education Web site at http://www.investoreducation.org provides investors with access to a full range of information they need to make wise investment decisions. Dedicated to facilitating a greater understanding of investment basics, the Alliance for Investor Education was established in 1996 as a coalition of leading financial services industry and investor advocacy groups.
The entire investment community is represented in AIE's membership ranks. Full members of the Alliance include: the American Association of Individual Investors, Bond Market Association, Certified Financial Planner Board of Standards, CFA Institute, Investment Company Institute Foundation, National Association of Investors Corporation, National Association of Securities Dealers, National Futures Association, National Investor Relations Institute, National Association of Real Estate Investment Trusts, New York Stock Exchange, Foundation for Investor Education and the Securities Investor Protection Corporation.
The SEC Office of Investor Education and Assistance, the Federal Trade Commission Bureau of Consumer Protection, the Board of Governors of the Federal Reserve System, and the North American Securities Administrators Association are among the government and quasi-governmental advisors to the Alliance.
CONTACT: Ailis Aaron Wolf, (703) 276-3265 or .
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