Financial Dictionary
Atlantic Financial
Atlantic Financial
Investment
Word
College savings often refers to an investment program in which parents plan
ahead to start putting away money for their children’s higher education
expenses. A common type of college savings plan is a 529 plan.
A 529
plan is a savings plan designed to help families set aside these funds for
future college costs. The term 529 plan is derived from the portion of the
Internal Revenue Code which concerns these education plans, "Section 529".
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