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529 plan
(redirected from 529 College Savings Plan)

    Also found in: Wikipedia 0.07 sec.
529 Plan
A plan that allows for the prepayment of qualified higher education expenses at eligible educational institutions. Also known as a "qualified tuition program."

Notes:
The prepayment may be in the form of a contribution to an account established specifically for paying higher educational expenses. There is no income restriction for individuals who want to contribute to a 529 plan however, because contributions cannot exceed the amount that sufficiently covers the expenses of the beneficiary's qualified higher education, individuals should take care not to over-fund the 529 plan.

529 plan
See college-savings plan.


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? Mentioned in ? References in periodicals archive
 
California already has a savings program known as ScholarShare, similar to a 529 college savings plan that is based on tax-deductible contributions.
PREPAID TUITION PROGRAM WEIGHED by Daily News (Los Angeles, CA)
QA I want to begin saving for my daughter's college education and I need assistance in understanding the 529 College Savings Plan.
Picking a 529 College Savings Plan by Brown, Carolyn M. / Black Enterprise
* For higher education costs, invest in the client's state section 529 college savings plan up to the maximum amount eligible for state tax benefits.
The best use of spare cash: tax-savvy strategy for extra dollars by Geisler, Gregory G. / Journal of Accountancy
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