What is a 529?
Summary
529 plans were established to help parents and grandparents save money for post-secondary or higher education. Their many unique features – from low fees to tax-advantaged investing – make them one of the most popular ways to save for college.
CollegeChoice 529 offers:
- Tax-deferred investment growth
- Tax-free withdrawals for qualified expenses, like tuition, room and board, computers and laptops, and books1
- Gift- and estate-tax benefits
- Control by you over how assets are used
- Flexibility to use at eligible colleges, universities and vocational schools worldwide.
Source: College Choice Direct (n.d.) What is a 529?.