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How do I start a college savings account in Ohio?
There are many banks that one could start a college savings account from, however if you go to collegeadvantage.com they can help assist you with a 529 college savings account in Ohio.
How does a 529 savings account help my family?
A 529 Plan saves money for college tuition and is there is tax advantages for enrolling in this plan. It encourages family to save for their children's college fund.
What is a characteristic of the college savings plan?
it is administered only by states
When and how should I set up my child's college savings account?
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.
Do 529 College Savings plans adjust for inflation?
529 savings plans CAN adjust for inflation. This is usually based on the state your in and how large your savings plan is.
What information can you give me on a 529 savings plan?
529 Savings plans are designed to help someone save for college. Most 529 plans are state sponsored.
What is 529 college savings plan?
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
Who qualifies for a 529 savings plan?
A 529 savings plans can be used to meet the costs of colleges nationwide. A 529 is purchased by parents to save for future college costs.
Who sponsors 529 Plans?
The companies that offer the 529 savings plan are Scottish Friendly, USAA, Wells Fargo, Family Investments, Saving For College and College Savings Service.
What do the numbers mean in a 529 college savings plan?
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.
Where can I go to get some information on the 529 college savings plans?
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/
What is a 529 Plan and what are the benefits of having one?
A 529 plan is a savings plan for future college expenses. It is usually open for children by parents and grandparents and maintained until they need it for school expenses.
