Education

Introduction to 529 Plans for Higher Education Savings

Introduction to 529 Plans for Higher Education Savings

529 Plans are an excellent way to save for higher education expenses.

The cost of education has been steadily rising for several decades now and it is unlikely that higher education will become less expensive in the future.

Unless you want your loved one to rely on student loans or working full-time while in school, it is wise to consider stashing at least some amount in a 529 plan well before a child or grandchild goes to college so that they can reap the rewards of a debt-free (or at least less debt laden) higher learning experience.