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Wednesday, September 21, 2011

What Is a 529 Plan? - College Admissions Q&As (usnews.com)

What Is a 529 Plan? - College Admissions Q&As (usnews.com):

What Is a 529 Plan?

September 21, 2011 RSS Feed Print

Saving for college from a young age isn't just a "good idea" anymore, it's a necessity. Tuition and fees have been rising year after year at rates higher than inflation and while the economy remains a challenge, there are ways to get started on saving up for college expenses. This week, we're asking the network about one of those ways, 529 plans:

Q: What is a 529 plan and how do you set one up?

A: Consider all of your options before leaping into a 529 plan.
Don Fraser Jr., director of education and training, National Association for College Admission Counseling (NACAC)

The rising cost of college is a scary prospect for the