COLLEGE SAVINGS 101

Tax savings

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When it comes to 529 plans, parents just don't understand

A study from Fidelity shows more parents are saving for college than ever before, but they are still confused about how 529 savings plans work. By missing out on these key benefits, including federal (and sometimes state) tax savings, and favorable financial aid treatment, they could be leaving money on the table.

| 529 plan | | financial aid | | tax savings |
 

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