The Benefits Of 529 College Savings Plans For Parents and Students

The Benefits Of 529 College Savings Plans

Paying back student loans can be somewhat of a strain. Therefore, if you are just now beginning your own family, you can’t help but consider the many ways you can provide for their college education.  One of the popular ways to save for college is by making use of a 529 College Savings Plan. The state plan provides an advantageous way to save for higher education and is designed so the saver has more control of his or her money. Types of 529 College Savings Accounts A 529 college plan features regular savings and prepaid plans. Prepaid plans permit you to buy tuition credits that can be used when your child begins college. 529 College Savings Plans, on the other … Read more