The global CV-19 pandemic has reshaped our lives and thrown chaos into every element of the college process. But has it changed the way we should think about saving and paying for college? Is this 529 Day – May 29, 2020, the year of CV-19, truly different from years past? Not when we consider the big picture.
In the 1990s, Congress passed legislation to create 529 college savings programs to help families create a nest egg for college. With terrific tax benefits and lots of flexibility to move money among beneficiaries, more than 13 million current account holders have saved more than $325 billion.