Welcome to 529 Plan and College Savings website

College planning and the 529 plan are becoming more and more important each day. With the escalating cost of college, college savings, college planning, or setting up a 529 plan have become part of most families' financial planning. For most people, a 529 plan is essential for college savings. The tax advantages of 529 plans for college savings have allowed parents to save for the future of their children.

This 529 Plan College Savings website is dedicated to providing information on the tax advantaged 529 plan. We discuss college planning, how to set up a 529 plan for college savings as well as other college savings plans. 529 plans are merely a way of saving for college. There are many other ways.

Why college savings?

The cost of college is escalating every year. In 1985, the average cost of college was only $9,751. College planning and college savings were not essential then. However, the cost of college jumped to $13,256 in 1989. As the cost of attending a college rose, more people started saving for college. In 2001, the average cost of college was $25,340. There is no debate that college cost will continue to increase at a very steep rate, making college planning and saving for college increasingly important.

The chart below demonstrates how worrisome the actual increase in tuition costs have become:

Chart of College Cost showing increasing cost of attending college.

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