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Benefits of a 529 Plan

Jan 19, 2022

There are many benefits provided through a 529 plan making it a go-to option for college savings. Here are some key reasons why so many families choose the 529 as a savings vehicle for college.





This article will:

  • Tell you why filing the Free Application for Federal Student Aid (“FAFSA®”) is important no matter what your family income may be,
  • Discuss the Academic Year 2022-2023 FAFSA® form, and
  • Outline the likely changes to the FAFSA® form to be used in 2024-25

If you want to skip right to the finish line to get an estimate of the amount of financial aid you might eligible to receive, use this free Financial Aid Estimator.


Parents, take advantage of this huge opportunity to increase college savings with free cash from Uncle Sam!

The government is now sending eligible parents cash each month. This free money can supercharge a child’s college savings nest egg and reduce future student loan debt. As MyCollegeCorner likes to say: “Saving a dollar today is better than borrowing one tomorrow®"


Before buying expensive goods such as cars and homes, consumers have a very good idea of the purchase price and how they will pay for it. So why isn’t this true when it comes to buying a college education?

Four years of college can easily cost more than a car or even a home.  But too many consumers of education do not know how much it might cost before making the purchase.


It’s time to pack up and head off to visit a college campus. How can you make the trip worthwhile?

Some visits may be as simple as an informal drive to a local college. Others may be week-long excursions visiting several schools. No matter the complexity, advance planning will help maximize the return on your investment of time, money, and energy.

Here are a few tips to make the visits fun and informative.



Spoiler alert: It’s not even close. You should save for retirement first.

However - and this is a BIG however - you can do both. Setting up a college savings account alongside your retirement planning will benefit the whole family. You will give your child a great start toward college while you concentrate on building your nest egg for retirement.