COLLEGE SAVINGS 101

Savingforcollege.com

[INFOGRAPHIC] College Savings Month Survey results
http://www.savingforcollege.com/articles/infographic-college-savings-month-survey-results-685

Posted: 2014-10-16

by Kathryn Flynn

As part of our College Savings Month celebration this September, we surveyed 1,500 people researching college savings plans to find out what they feel are the most important factors when selecting a plan. The results showed that while many families chose their plan based on tax benefits offered, low administrative fees and a plan’s good reputation, there is still some confusion regarding state residency rules and 529 plans. Although 529 plans are operated by the states, you can invest in almost any plan no matter where you live. What’s more, savings in a 529 account can be spent on tuition at any public or private eligible institution – regardless of the state where your plan is administered. Remember, you can generally save with any state’s 529 plan to pay for any college!

Here's a quick look at some of our other survey findings:

Embed

As part of our College Savings Month celebration this September, we surveyed 1,500 people researching college savings plans to find out what they feel are the most important factors when selecting a plan. The results showed that while many families chose their plan based on tax benefits offered, low administrative fees and a plan’s good reputation, there is still some confusion regarding state residency rules and 529 plans. Although 529 plans are operated by the states, you can invest in almost any plan no matter where you live. What’s more, savings in a 529 account can be spent on tuition at any public or private eligible institution – regardless of the state where your plan is administered. Remember, you can generally save with any state’s 529 plan to pay for any college!

Here's a quick look at some of our other survey findings:

Embed
 

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