Finnace 5 Posted on April 9, 2018April 22, 2020Author Ray Foster 0 Welcome to your Finance 5 Quiz. Please click on "Next" to continue. Why would a 529 plan be valued by many heroes? It is a good way to save money for a boat without getting taxed. It allows parents to save for their children's future education. It allows parent to save money to start a business with their children without paying any fees.Active duty and Veterans who have served at least 3 years (36 months) on active duty since September 10, 2001 are eligible for 100% tuition under the Post 9/11 GI Bill. True FalseWhat is the primary different between a Prepaid Tuition Plan and a College Savings Plan? A College Savings Plan allows a person to pre-buy credit at a college, whereas the Prepaid Tuition Plan invests the money in a portfolio. A Prepaid Tution Plan allows a person to pre-buy credit at a college, whereas the College Savings Plan invests the money in a portfolio. Prepaid Tuition Plans are only for students who have already been accepted to the college. All investments in every College Savings Plan are guaranteed.Which of the following are some of the qualifications for the Post-9/11 GI Bill? (Select all that apply) 90 Days of combined service after September 10, 2001 Discharged with a service-connected disability after at least 30 days National Guard mobilized on Title 32 after September 11, 2001 Other than honorably discharged on or before September 11, 2001In 2018 the average yearly tuition for a state college was how much? $34,000 $25,000 $10,000 $120,000There are no fees involved in a 529 plan? True FalseWhat is another name for a College Savings Plan that includes an age-based portfolio? Static fund portfolio Target-date portfolio Exchange-traded portfolio Stock fund portfolioDefaulted student loans drop off a credit report after two years.Please select your answerTrueFalseNon-humanities college graduates earn, an average, ________% more over a lifetime than do non-college graduates. 200 300 400 500Investment brokers do not deal with 529 Plans. True False Stage Name/Real Name Unit Time is Up!