Congress passed Section 529 of the tax code, which allows
two kinds of college savings plans for families. These savings
plans allow families to save for their children education
depending on their needs and goals. Each plan has its advantages
and disadvantages.
The two kinds of college savings plans are the:
• Prepaid Tuition Plans
• 529 College-Savings Plans
| You
can find detailed information about each plan at: |
| • |
The
College Savings Plans Network |
| |
The official
529 plan web site, sponsored by the State Treasurer’s
Association, where you can find links to plans in your
state.
|
| • |
Saving
For College |
| |
Operated
by Joseph Hurley, this web site provides regular updates
on college savings plans. You can find details about
each plans strengths and weaknesses. |
|
