News & Articles

What You Need to Know About 529 Plan Withdrawals

Posted on Wed, Oct 25, 2017

The big advantage of Section 529 college savings plans is that withdrawals used to cover qualified higher education expenses are free from federal income tax (and usually state income taxes too). That part is very easy to understand, but the full story on withdrawals is not so simple. What are qualified expenses? What happens if you take out money for expenses that aren't qualified?

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Tags: Section 529 Plans, College Savings Plan Accounts, withdrawals, 529 Plans

Managing the High Cost of Higher Education

Posted on Wed, Jun 18, 2014
  Higher education is the key to a brighter future -- but the cost of pursuing undergraduate and graduate degrees is more than many Americans can afford. The cost for one year of tuition and fees varies widely among colleges. The average cost of tuition and fees for the 2013-2014 school year was $30,094 at private colleges, $8,893 for state residents at public colleges, and $22,203 for out-of-state residents attending public universities, according to the College Board.
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Tags: EHTC Article, student loans, Section 529 Plans, Education Credits, Higher Education, Articles, Education costs, Financial Aid