So what’s with the numbers??
A 529 College Plan is a method crafted to aid families who are looking to put away funds toward a child’s higher education. (The term refers to Section 529 of the federal tax code.) With these plans, you (the parent/guardian) are able to help provide money for your loved one’s future, while receiving tax benefits to ease your financial burden. With a 529, there are two different options for college funds: the prepaid plan, offered by institutions of higher learning; and the savings plan, which can only be offered by a state government.
