Education

529 college savings plans now hold almost $400 billion in assets

From Forbes: “According to a new survey, in 2021, American families received $464 million in tax savings and other higher education benefits tied to their participation in a 529 College Savings Plan. … Formally called ‘Qualified Tuition Programs’ as defined in Section 529 of the Internal Revenue Code, 529 plans help families save for a beneficiary’s (typically one’s child or grandchild) future higher education expenses. 

View the full article from Forbes.