By Chuck Myers, McClatchy-Tribune News Service –
A Qualified Tuition Plan, commonly known as a 529 college savings plan, can help families to put money away for a child’s future college education. A 529 also comes with a tax benefit. If you’d like to explore establishing an education saving account, one of the following Web sites may provide useful insights:
COLLEGE SAVINGS PLANS NETWORK
www.collegesavings.org/commonQuestions.aspx
Explains a 529 college saving plan, prepaid plans, taxes and a plan’s effect on tuition programs.
FINAID
www.finaid.org/savings/529plans.phtml
Covers several 529 topics, from the program history to tax considerations.
TIAA-CREF
www.tiaa-cref.org/public/products-services/education-savings/529/index.html
Describes 529 college saving plans, with links to select state sites and a plan profile.
U.S. SCHOLARSHIP GUIDE
www.usscholarshipguide.org/collegesavings/529.html
Answers to frequently asked questions about 529 plans.
U.S. SECURITIES AND EXCHANGE COMMISSION
www.sec.gov/investor/pubs/intro529.htm
Provides good overview of 529s.
