529 $aving$ Plan
- staff.rdestefano
- Jul 10, 2019
- 1 min read
Updated: May 21, 2020
College planning is an exciting time, but when it comes time for a check to be made payable to a University................
A 529 plan is a college savings plan. It offers tax and financial aid benefits. College Saving Plans work similar to a Roth 401(k). The plan will increase or decrease in value based on the performance of the investment.
The Prepaid Tuition Plan is another great option! This plan lets you pre-pay all or part of the costs of an in-state public college.
The plan includes tuition, fees, books, computers and even on some occasions room and board!
According to the College Board: "the average cost of tuition and fees for the 2017–2018 school year was $34,740 at private colleges, $9,970 for state residents at public colleges, and $25,620 for out-of-state residents attending public universities. "
Imagine not having to worry one bit about how you are going to pay your Son or Daughter's tuition bill.
The link below contains additional information regarding the 529 Savings Plan.
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