COLLEGE SAVINGS 101

Qualified expenses

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5 types of students who benefit from 529 plans

No matter what "type" of student you’re saving for, a 529 plan can be an excellent way to plan for college expenses. Click through our slideshow to see how a variety of students can each benefit from a 529 plan.

| 529 plan | | slideshow | | scholarships | | qualified expenses | | financial aid | | grandparents | | paying for college | | college costs |
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Avoid these 529 withdrawal traps

Once you've entered the "withdrawal phase," of your 529 plan, be sure you make the right decisions when tapping your 529 account. Here are six mistakes you'll want to avoid.

| 529 plan | | 529 plan withdrawals | | qualified expenses | | tuition | | tax benefits |
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The best way to withdraw 529 funds

It will soon be time to pay your bill for fall semester expenses! Here is some advice for how much and when to withdraw 529 plan funds, and also some tips on designating the distributee.

| 529 funds | | withdraw | | 529 plan | | money | | qualified expenses | | 529 plan withdrawals | | paying for college |
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8 common 529 plan mistakes to avoid

529 college savings plans are great investments, but they're not foolproof. This slideshow reveals eight of the most common errors people make when choosing, investing in, and withdrawing from 529 plans.

| 529 plan | | 529 plan withdrawals | | qualified expenses | | choosing a 529 plan | | fees and expenses |
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Can I use my 529 plan to buy electronics?

A question that’s been on the minds of families for some time now is whether or not “supplies and equipment” includes electronics such as computers, smartphones and tablets.

| 529 plan | | saving for college | | paying for college | | qualified expenses | | computers | | 529 plan withdrawals | | room and board |
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Can 529 savings be used to pay for summer courses?

Taking summer courses is a great way for students to get ahead and possibly graduate sooner. And yes, you can pay for most summer classes with 529 savings and still maximize tax benefits. Here are a few things to consider:

| 529 plan | | paying for college | | 529 plan withdrawals | | qualified expenses | | summer school | | cost of attendance |
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5 reasons to keep your 529 plan open during college

Even if there's only a small balance left in your 529 plan after paying your tuition bills, it's usually a smart idea to keep the plan up and running. Learn why.

| 529 plan | | paying for college | | 529 plan withdrawals | | qualified expenses | | cost of attendance | | grandparents | | tax benefits |
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How college savings can make a great gift

Here's a great gift-giving idea that you can incorporate annually into your child's life, and even put a college-savings spin on it.

| college savings | | 529 plan | | graduation | | qualified expenses |
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College Savings Timeline: Time for college

All the hard work you've put into building up your child's college savings account has paid off, and now it's time for them to head off to college. What steps do you need to take to make a 529 plan withdrawal when the first tuition bill arrives?

| saving for college | | paying for college | | qualified expenses | | 529 plan withdrawals | | room and board | | tuition |
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VIDEO - What happens to my 529 plan money if my child gets a scholarship?

Parents are sometimes hesitant to open a 529 account for their child because they are afraid of incurring penalties on any unused funds. However, there are some exceptions to the to the penalty rule:

| 529 plan | | scholarship | | paying for college | | qualified expenses | | Joe Hurley |
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Top five ways to spend 529 savings

Withdrawals from a 529 plan must be spent on qualified higher education expenses to avoid tax and penalty. Just what types of college expenses are qualified?

| college savings | | 529 plan | | qualified expenses | | 529 plan withdrawals | | paying for college | | tuition | | room and board | | equipment | | special needs equipment |
 

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