education

10.25.2018

Front load 529 plans for tax advantages

By Nathan Vinson English, Lucas, Priest & Owsley, LLP If you want to save up for your child’s future college education, 529 plans have long been a great option. Lovingly named for the section of the IRS tax code where these reside, 529 plans allow families to save for college with some tax advantages. The plans are sponsored by states, state agencies, or educational institutions, and can be either a prepaid tuition plan or an education savings plan, depending on what the sponsor offers. Western Kentucky University campus A prepaid tuition plan allows you to pay today’s rates for future college education. This can be a tremendous savings if you’re 100 percent certain your kid is absolutely going to a specific college (or going to college at all). These are typically state-owned colleges and universities, and you can only pre-pay tuition, not room and board. Kentucky’s prepaid tuition plan is closed, and will be reassessed annually, the plan says on its web site; Kentucky Education Savings Plan Trust does still offer a 529 plan that allows for college savings, and you can find more on that here. An education savings plan is simply a vehicle for saving up for future college costs, and that includes room and board. These funds can also be used for private school tuition at elementary, middle and high schools, up to $10,000 per beneficiary. That $10,000 cap, though, doesn’t apply to college – just to K-12 education. Read More

10.11.2018

Diversity pipeline project enters second year

Diversity pipeline project enters second year Read More

06.27.2018

Kentucky school systems to receive additional $1.8 million in reimbursements

Kentucky school systems to receive additional $1.8 million in reimbursements Read More

03.28.2018

Legal Diversity Pipeline Project Field Trip draws media attention

Legal Diversity Pipeline Project Field Trip draws media attention Read More

02.16.2016

ELPO continues sponsorship of Institute for School Principals

ELPO continues sponsorship of Institute for School Principals Read More

11.12.2015

ELPO wins $9.2 million decision for education client

ELPO wins $9.2 million decision for education client Read More

02.20.2015

ELPO sponsors Institute for School Principals

ELPO sponsors Institute for School Principals Read More

06.03.2014

Mike Owsley co-authors article for national school board magazine

Mike Owsley co-authors article for national school board magazine Read More

03.13.2014

Environmental attorneys to present national webinar

Environmental attorneys to present national webinar Read More

06.26.2013

Jessica Shoulders joins WKU young alumni council

Jessica R. Surber, an attorney at ELPO, recently joined the WKU Young Alumni Council for the 2013-2014 term. Jessica earned her Bachelor of Science degree in accounting from WKU in 2009. Read More