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The 529 school discounts plan is a great way for parents to save for college. The account holder (usually the parent of the beneficiary), family members, and friends can contribute after-tax dollars to the account. The account accrues interest and is open for contributions until it meets the state maximum, which is usually $300,000 – $500,000. The account can be used for both undergraduate and graduate programs, as well as a variety of other postsecondary programs.

Exactly what do My 529 Package be taken having?

The 529 bundle can be used for Qualified Degree Expenditures (QHEE) . It’s important to keep track of your expenses, and not exceed allowable limits. (more…)