The 529 college savings plan helps people save money for college. The 529 comes from the Internal Revenue Service code section that created the savings plan in 1996. This plan is operated by the university or college.
A 529 plan is a college savings plan that is operated by an educational institution or state. It is designed to help set aside funds for future college costs. There are special IRS tax benefits associated with these plans.
Provides savings for future college costs.
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529 college savings plan
You should start saving for you child's college savings account as soon as possible. A really good college savings plan is the 529 plan. With this plan you can set aside money for your child's college education and it will continue to grow tax free.
A 529 college savings plan is a savings plan that is operated by a state or educational institution. You can find out more information at the following website: www.savingforcollege.com/intro_to_529s/
it is administered only by states
college savings plan
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answer: provides savings for a future college costs.
The 529 College Savings Plan has different requirements for each state. To see if you qualify for your state's requirements, you should check to see your specific requirements.
Depends. Using the 529 college savings plan is a great way to save money for the specific use of college. However, you may find a higher yield if you invest in CD or bonds.