Welcome to 529 Plan and College Savings website

Combating the rise of college tuition cost with 529 plans and other college savings plans

In recognizing the escalating costs of higher education, the U.S. Congress expanded the ability of states to offer higher education savings plans under Section 529 of the Internal Revenue Code. This education savings plan becomes known as the 529 plan or 529 college savings plan. Since the 529 plan is a higher education savings plan, it is often known as the college savings plan.

What is a 529 plan?

A 529 plan or college savings plan is an investment plan that allows you to put money aside, either on a regular basis or whenever you have extra cash, and invest it on behalf of the beneficiary you has selected. The funds in the 529 plan are primarily intended for educational purposes.

There are no guarantees regarding the investment results and no government deposit insurance on your account. However, there are several investment choices with 529 college savings plans. That means you can choose the opportunity for a certain range of returns by assuming a certain level of risk.

This 529 Plan website discusses all aspects of the 529 college savings plans and other college savings accounts. You will learn about how 529 plans work compared to other education savings accounts including benefits of each type of college savings accounts, advantages and disadvantages of each type of account, and Frequently Asked Questions on this topic.

Click here to add 529 college savings plan to your favorites