Many families looking for a way to save for a child’s college education consider investing in a 529 plan, a tax-advantaged savings plan designed to encourage saving for future college costs. This online brochure explains the basics of 529 plans. Topics covered include: prepaid tuition plans vs. college savings plans, federal and state tax benefits, fees and expenses (and how to avoid some of the extra fees), and impact on financial aid eligibility.
Agency: Securities and Exchange Commission
