Wednesday is national college savings day
Wednesday 5/29 is a good day to think about investing in a 529 college savings plan. Credit: iStock
To help educate parents on saving money for college, the College Savings Plans Network has declared Wednesday a national “529 College Savings Day.”
Why Wednesday? Well, May 29 is 5/29 – and that’s the name of the popular tax-advantaged savings plans parents can use to help chip away at the high cost of higher education.
Americans have invested more than $190 billion in 529 College Savings Plans. Nearly every state offers one, though investors have no obligation to use their home state’s plan. They can use whichever appeals to them.
The savings network offers these two tips about saving:
For more information, visit collegesavings.org.
