What Is A 529 Plan And How Do They Work For College Savings?
College Finance | Information

What Is A 529 Plan And How Do They Work For College Savings?

What is a 529 plan? It is a qualified tuition program (QTP) established and maintained by a state, or an agency of a state, that allows the contributor to either to prepay a beneficiary’s qualified higher education expenses at an eligible educational institution or to contribute to an investment account for paying those expenses.