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  • 529 College Savings Plans Help Fill Student Financial Aid Needs
    Written by Kevin No Comments
    Last Updated:: February 6, 2008
    It’s never too late to save for your children’s education. Even if your child is a teenager, save as much money as you can until they are ready to attend college. One way to save is with a 529 college savings plan. A 529 college savings plan is an investment plan that puts money aside for higher education, and can offset the amount needed in the form of college student loans. 529 plans offer a tax advantage to parents and other relatives that want to help a child go to college. All fifty states and the District of Columbia have their own 529 plan. To find out the requirements for the savings plan in your state, visit their website. There are two types of 529 plans. Pre-paid tuition plans let parents purchase tuition credits based on what the going rate is today and the plan...