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Prepaid tuition plans are designed to help families start saving for their children's college expenses, but they may not always be the best choice. Image source: Getty Images.
As of August 2020, more than $360 billion was invested in 529 college savings plans. There are two types of 529 plans: prepaid plans and savings plans. Prepaid plans Prepaid plans allow one to purchase tuition credits at today's rates to be used in the future. Therefore, performance is based upon tuition inflation.
529 plans have two options: a prepaid plan or a savings plan. Colleges and states can offer prepaid plans, which locks in tuition at current rates for a student who may not be attending college ...
A 529 plan comes in two major types: (1) a college savings plan, which allows you to invest money in potentially high-return assets such as stocks, and (2) a prepaid tuition plan, which allows you ...
The two college savings plans help families save for future education expenses and reduce dependence on student loans later. The Maryland Senator Edward J. Kasemeyer Prepaid College Trust [2] first opened for enrollment in 1998 and offers affordable and flexible tuition plans and payment options at accredited two-year community colleges and ...
The Guaranteed Education Tuition Program, or GET Program, is one of two 529 college savings plans administered by Washington College Savings Plans (WA529). WA529 is part of Washington Student Achievement Council, an agency of the U.S. state of Washington for residents of the state. GET is a 529 prepaid tuition savings plan, while Washington's ...
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related to: does sprint offer prepaid plans for college tuition- 1044 Mount Vernon Ave, Columbus, OH · Directions · (614) 252-7272