it is administered only by states
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.
Provides savings for future college costs.
A 529 College Savings Plan is a savings account dedicated to college or other educational funds by the IRS with a federally approved tax break. You can contribute directly from you adjusted gross income, and through direct deposit.
Year around
529 college savings plan
There are several options for a parent to start a college savings plan for their child. Many parents do not start thinking about saving for college until their child is in their teens. Financial advisors say that it is best to begin a college savings plan once your child is born. This way parents can ensure that they will be able to save up enough money by the time their child graduates high school.
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.
The best place to start would be to talk to your college adviser. They have plenty of information about 529 college savings plans and are ready to answer questions. Here is some information:http://www.savingforcollege.com/intro_to_529s/what-is-a-529-plan.php
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/
The website http://money.cnn.com/magazines/moneymag/money101/lesson11/index.htm gives some good tips about saving for college. If you are interested in a 529 plan, check http://www.kiplinger.com/tools/best-529-college-savings-plans/ for some recommendations.
The best way to save for college is to slowly save enough every year in a tax deferred account like a 529 Savings Plan that are offered by your state.