Lots More Information
Author's Note: How 529 Plans Work
Speaking as someone who didn't have college savings (but plenty of student loans!), a 529 plan seems like a sound idea. If you have money to invest in future college expenses, 529 is flexible and lets you avoid some taxes.
- Financial Industry Regulatory Authority (FINRA). "Custodial Accounts." Accessed Oct. 5, 2012. http://www.finra.org/Investors/SmartInvesting/SmartSavingforCollege/P123944
- Institute of Education Science. "Tuition costs of colleges and universities." Accessed Sept. 13, 2012. http://nces.ed.gov/fastfacts/display.asp?id=76
- SavingforCollege.com. "Does a 529 plan affect financial aid?" Accessed Sept. 14, 2012. http://www.savingforcollege.com/intro_to_529s/does-a-529-plan-affect-financial-aid.php
- SavingforCollege.com. "Intro to ESAs (Coverdell Education Savings Accounts)." Accessed Sept. 13, 2012. http://www.savingforcollege.com/intro_to_esas/index.php?esa_faq_category_id=2
- U.S. Securities and Exchange Commission. "An Introduction to 529 Plans." Accessed Sept. 12, 2012. http://www.sec.gov/investor/pubs/intro529.htm