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A Section 529 plan is designed to encourage saving for future higher education expenses. There are two common types of 529 plans � savings and prepaid. The most common, savings plans generally invest funds in a variety of investment assets which become more conservative as the student reaches college age. Only states may administer savings plans. On the other hand, prepaid plans allow parents to lock in today�s tuition rate by purchasing tuition credits to be used in the future. Prepaid plans may be administered by either states or the educational institution themselves.
What else can I help you with?
Where can you find reviews on the worst and best 529 college plans?
On the CBS website in the CBS moneywatch section you can find an article about the four best as well as the four worst college plans. It also give you further information about 529 college plans.
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.
How can I start saving for my child's education?
College savings plans are called 529 plans. They allow you to prepay for your childs college education. You can read more about them at http://www.savingforcollege.com/
What is 529 location?
529 plans are tax-advantaged savings plans designed to encourage saving for future education costs. The number "529" refers to the section of the Internal Revenue Code that governs these plans. Each state offers its own 529 plan, which can be used to save for a beneficiary's qualified education expenses.
What are the most profitable college saving plans?
A 529 is one of the most profitable college savings programs. You can compare plans, and rates by checking out the college savings website. http://www.collegesavings.org/index.aspx
Where can I find some tips regarding 529 savings plans?
The 529 college savings plan is an excellent tool for saving for your children's future. Financial guru, Clark Howard, offers numerous tips on 529 plans on his website at www.clarkhoward.com. Look for his guide to 529 plans. The SEC has an excellent resource on the legalities of the 529 savings program. You can find more information at http://www.sec.gov/investor/pubs/intro529.htm.
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.
Does uPromise offer a 529 college saving plan?
Yes, they do offer a 529 college saving plan. It is also good to know that this plan is very flexible and has many benefits.
What is another term for 529 plan?
Qualified Tuition Programs" and sometimes called "section 529 plans"
Where can I get the best college savings?
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.
What is another name for section 529 plans?
Qualified Tuition programs
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.
