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Are You Familiar with a 529 Plan?

MONEY101-SAVINGANDPAYINGFORCOLLEGE-whatisa529planEdward Jones, a financial services firm, found in a survey that 62% of American has no clue about a 529 plan; they think ‘529 day’ stands for May 29.

Conducted by Opinion Research Corporation, this survey included 1,006 respondents. It highlighted the problem many Americans are currently facing with the ever-increasing costs of higher education. There has been an increase of 8% in tuition costs of 4-year degree from 2010 to 2011, and things are likely to get worse. Continue reading “Are You Familiar with a 529 Plan?” »