529 plan


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529 College Savings Plan

An account into which persons deposit funds to save for university-related expenses. The funds in a 529 college savings account are tax-deferred and, if used directly to pay for college, tax exempt at the federal level. They are sometimes exempt at the state level as well. The plan exists in an attempt to make post-secondary education more affordable. See also: IRA, 401(k).

529 plan

References in periodicals archive ?
24, 2015 /PRNewswire/ -- Eckerd College is offering students and their parents a new way to beat the rising cost of college tuition as the latest school to join Private College 529 Plan, a pre-paid tuition plan that enables participating families to lock in today's tuition rates for future education.
Among families that had opened 529 plans, the majority were happy with their decision, and 64% indicated a high degree of confidence in their current 529 plan.
which provides credit-building services to businesses, announced plans to match, up to a certain amount, its employees' 529 plan contributions.
Most people know they can save for their children's college educations through a 529 plan, but what isn't so widely known is that 529s can be used to pay for adults to go back to school as well.
The iShares 529 Plan is a college tuition savings program sponsored by the State of Arkansas and is administered by The Arkansas 529 Plan Review Committee (Committee).
Thomas has become the 279th school to join Private College 529 Plan as a means to help families save for a private college education.
com is helping to increase 529 plan awareness by compiling details of the various contests, sweepstakes and events held by states and their college-savings plans throughout the month.
Remember there are fees, charges and tax ramifications associated with a 529 plan, and the underlying investment options are subject to market risk and will fluctuate in value.
New federal legislation has recently been introduced to provide for a savings account comparable to a 529 plan, to be used to pay for disability expenses for children with mental retardation and other intellectual disabilities when they reach the age of 18 and beyond.
The couple not only opened a second 529, plan to which they are contributing $80 a month, but they've increased contributions to the first 529 plan from $100 to $200 a month.
That didn't sit well with a number of private colleges and universities, especially a handful of southern schools that banded together five years ago to try to form a new type of 529 plan that would cut across state borders.
Kasina, a strategy consulting firm for the financial services industry, recently named its findings of the top 529 plan Web sites.