A 529 college savings plan is flexible and the account owner can make changes to investments and beneficiaries over time.
Some families that once felt that they had no control over college costs, are finding that many colleges offer tuition deals.
There are several reasons why parents decide to liquidate a custodial account and use the assets to fund a 529 college savings plan.
While college may seem a distant goal for a high school freshman, there are many things students and parents need to do during high school to prepare.
College financial aid plays a critical role for many families paying tuition and some colleges and universities require two types of aid applications.
While more families choose a general savings account to save for college, those using 529 college plans are saving more, according to Sallie Mae.
Recent tax reform resulted in changes that allow families to save more in ABLE Accounts for the care of a child with disabilities.