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The two types of 529 plans include: An education savings plan that allows you to open an investment account that can be used for future education expenses, including tuition, room and board, books ...
The funds from a 529 plan are used for qualified education expenses. These expenses are typically tuition, fees, textbooks, computers and equipment and are charged to the student in relation to attending an institution defined as any eligible public, non-profit or private college or university, technical, vocational, or trade institutions.
Check with the agency overseeing 529 plans in your state or reach out to a broker to open the account. If you open a 529 education savings plan, you may be asked to choose an investment option ...
Here are answers to five common questions about how to spend money from 529 college savings plans. "Qualified expenses include tuition, fees, books, supplies and equipment required by an education ...
A 529 college savings plan is a special tax-advantaged account that lets parents, grandparents and just about anyone else save money toward a child’s education costs.
You contribute money to 529 college savings plan as a tax-advantaged way to save for your child’s future education. But when your kid is set to matriculate, you can’t use those funds for just ...