A 529 plan may be part of a strategy to utilize tax-advantaged savings to meet the rising cost of college.
While major legislation is unlikely to be passed during an election year, some smaller-scale bills to help savers could be advanced.
A 529 plan is one of several ways to save for college and benefits vary among investment vehicles.
At a record $1 trillion, outstanding student debt is second only to mortgages as the largest source of household debt, the Fed reported. That trend is likely to continue. With the average cost of a four-year degree from a public university at $30,000, the need to borrow continues to rise. Of the 37 million Americans