Admission News

529 Plans Are a Great Way to Save for College

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Jilian Mincer wrote this September in the Wall Street Journal about improvements to 529 plans.  529 plans were first introduced in the 1990s, but after a 2001 tax law made withdrawal from these plans tax free when the funds are used to pay for higher education, 529s became very attractive to parents and grandparents of college-bound children.

This article provides information about lower investment fees and gives an-easy–to-read chart provided by Morningstar of the best and the worst plans provided by various states.

If you need more information about what a 529 plan involves and how it can be used for planning college financing, see Collegebasics.com’s College Investing with 529s Can Be Easy.

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