529 Plan

A 529 plan is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary.

Read more about 529 Plan:  Overview, Use For Qualified Education Expenses, Advantages, Disadvantages, Deductibility of Losses, Gift Tax Considerations

Famous quotes containing the word plan:

    I have always hated biography, and more especially, autobiography. If biography, the writer invariably finds it necessary to plaster the subject with praises, flattery and adulation and to invest him with all the Christian graces. If autobiography, the same plan is followed, but the writer apologizes for it.
    Carolyn Wells (1862–1942)