Yahoo! News: Education News

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• College Savings Plans Pros, Cons for Financial Newbies
• Kansas moves to close budget shortfall following tax cuts
• Suspended Six Times More Often? Nope, Some Kids Aren't All Right

College Savings Plans Pros, Cons for Financial Newbies Posted: 06 Feb 2015 06:30 AM PST Before their son had even turned a year old, Rachel and Stan Revelle began making plans to save for his college education. "Both my husband and I went to Notre Dame and Notre Dame is pretty expensive," said Rachel Revelle, who lives in Ashburn, Virginia. 529 plans have the big advantage of allowing families to invest money for college without paying taxes on the earnings, but the fees tend to be higher than a comparable mutual fund, according to the financial analysis company Morningstar. But for those who are just starting on their college savings journey, here are several things to consider when deciding whether to invest in a 529 plan or some other vehicle.

Kansas moves to close budget shortfall following tax cuts Posted: 05 Feb 2015 06:59 PM PST TOPEKA, Kan. (AP) — Republican Gov. Sam Brownback said Thursday he would cut spending on Kansas' public schools and universities and GOP legislators approved a plan to shift around money to plug a budget hole as the state scrambled to cope with a revenue shortfall following aggressive tax cuts.

Suspended Six Times More Often? Nope, Some Kids Aren't All Right Posted: 05 Feb 2015 05:27 PM PST Last February, President Obama announced My Brother's Keeper, a new initiative designed to improve the lives of boys of color. The program is geared toward empowering young men of color, and Department of Education officials rolled out a slew of troubling statistics on black male suspensions, expulsions, juvenile arrest, and youth incarceration to accompany its launch. Last June over 1,000 female scholars and activists signed an open letter written by the African American Policy Forum, which asked why the initiative excluded girls. In November the White House released a report on work the Obama Administration has done to expand opportunities for girls and women of color, but a formal initiative in the vein of My Brother's Keeper has yet to be realized.

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