disabled
Education Plans
The third biggest financial goal for a family is saving for a college education. Buying a house and retirement are the first two goals. With the cost of higher education on the rise, parents are beginning to try and set aside money for education as soon as a child is born. There are two popular federal and state sponsored plans that make saving for college easy: the Coverdell and the 529 plan.
The Coverdell Education Savings Account
The Coverdell is a federally sponsored plan that helps you to set aside money for higher education expenses. These expenses include tuition, fees, books and supplies, and even room and board.
The annual contributions are not tax deductible, making the withdrawals tax-free as long as they are used to pay for eligible education costs. There are limits to the amount of annual contributions that can be made each year.
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Special Education Laws
Special education refers to the education of children with physical disorders or disabilities, psychiatric disorders, emotional distress, behavioral disorders, and learning disorders. Traditional educational techniques or school programs do not sufficiently meet the requirements of these children. Children with special education needs are guaranteed rights to services in schools under federal and state laws. These laws include Americans with Disabilities Act (ADA), Section 504 of the Vocational Rehabilitation Act, Individuals with Disabilities Education Improvement Act (IDEA 2004), Individuals with Disabilities Education Act of 1997 (IDEA 1997), and No Child Left Behind (NCLB). These laws guarantee special education programs and financial assistance for disabled children and youth in the United States.
The Individuals with Disabilities Education Act (IDEA) of 1997 is a federal law that governs all special education services for children in the United States. The major objective of IDEA is to provide free and appropriate public education in the least restrictive environment. The IDEA 2004 is a revision or reauthorization of IDEA 1997, which preserves the civil rights guarantees of IDEA 1997, but makes substantial changes regarding how schools determine whether a child has learning disability and needs special education services. Services to very young children, i.e., infants and toddlers, are also covered under the IDEA. Section 504 of the Rehabilitation Act of 1973 is a civil rights legislative act, which proscribes discrimination against children with disabilities and provides them with reasonable accommodations. Under section 504, any person who has an impairment that substantially limits a major life activity is considered disabled.
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