Host John Chapman of the John Chapman Show talks about how you can put your kids through college and advice relating to the 529 account, how you can use it in the future, and some practical savings and investing strategies.    Episode Highlights:         John Chapman shares some startling stats about student loan debt.          What is a 529 account?          How can you use the 529 account for?          What can’t you use the 529 for?          How much money should you be putting in a 529 account?          What ways could pay for college come from in the future?          What if you have over contributed to a 529 account?    3 Key Points:   In the past decade or so the price of higher education has been growing at a rate of over 8% compounded per year.    The 529 account is essentially a Roth IRA for college expenses.    You can use the 529 for tuition, books, supplies, and on-campus housing. You can’t use this money for transportation, repayment of student loans, studying abroad, smartphones, and extracurricular activities,     Tweetable Quotes:     “In the state of California, today, in 2019, a private 4-year university can cost up to $50,000 per year, and that is just tuition and books alone.” – John Chapman     “The average student today graduating has over $30,000 of student loan debt.” – John Chapman     “There is over a trillion dollars in outstanding student loans in the United States, affecting more than 44 million people.” – John Chapman   Resources Mentioned: ● Linkedin: John ChapmanSee omnystudio.com/listener for privacy information.

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