529 Plan

Dictionary Says

Definition of '529 Plan'

A plan that allows for the prepayment of qualified higher education expenses at eligible educational institutions.

Also known as a "qualified tuition program," or more fully as a "section 529 plan."
Investopedia Says

Investopedia explains '529 Plan'

The prepayment may be in the form of a contribution to an account established specifically for paying higher educational expenses. There is no income restriction for individuals who want to contribute to a 529 plan; however, because contributions cannot exceed the amount that sufficiently covers the expenses of the beneficiary's qualified higher education, individuals should take care not to over-fund the 529 plan.

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Articles Of Interest

  1. Choosing The Right 529 Education Savings Plan

    Before you fund one of these education-savings vehicles, be sure you know their differences.
  2. Tuition Insurance Takes Sting Out Of Withdrawal

    Dropping out of school can mean forfeiting all your tuition. Find out what protection is available.
  3. Clearing Up Tax Confusion For College Savings Accounts

    Put your kids through school without being hounded by the tax man.
  4. How And When To Switch Your 529 Plan

    Just as with any investment, you should review your plan to make sure it's meeting your needs.
  5. Stop Procrastinating! Enroll In A College Savings Plan

    The cost of sending your kids to college could be a serious financial burden - unless you get prepared. Now.
  6. Students, Get More Bang For Your Textbook Dollars

    Find out how to keep the cost of your textbooks from approaching your tuition expenses.
  7. Reduce Tuition With A Work-Incentive Program

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  8. Spoil Your Grandkids, Cut Your Tax Bill

    Helping your grandchildren save for college is a way to spoil them and reap some benefits yourself.
  9. Invest In Yourself With A College Education

    Spending a few thousand dollars on school could help you earn millions more.
  10. Pay For College Without Selling A Kidney

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