Sat.Apr 26, 2025

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Historic Black Church Eliminates Student Debt for SAU Seniors

Diverse: Issues in Higher Education

Rev. Dr. Howard-John Wesley, Senior Pastor of Alfred Street Baptist Church. Alfred Street Baptist Church of Alexandria, Virginia, a prominent Black congregation located just outside Washington D.C., has donated $132,469 to Saint Augustine's University (SAU) to eliminate the outstanding debt of 11 graduating seniors, enabling them to receive their diplomas debt-free at the May 3rd commencement ceremony.

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Using UTMA/UGMA’s to Save for College

College Planners of America

The Uniform Transfers To Minors Act (UTMA) and the Uniform Gifts to Minors Act (UGMA) are two laws that combine to produce the acronym UTMA/UGMA. They are useful tools for parents and others seeking to reduce taxes while accumulating assets for college. First came UGMA, a type of custodial account which was introduced in1956and revised in 1966 as a means of transferring assets from parents to their children.

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CollegeSure CD’s Help Families Cope with Inflation

College Planners of America

In saving for a childs education, parents want to know if they will have the funds necessary to pay the costs of college when the time comes. An dilemma they face is that, due to inflation, their objective is unknowable in advance. Tuition Inflation Many experts attribute the abrupt acceleration of tuition in the 1970s to the passage by Congress of laws that funded new student aid programs in an effort to make college affordable for all.