The price tag for a four-year private school exceeds $48,000 for the 2018-2019 academic year, according to the College Board. Parents are losing sleep over the prospect of steep tuition bills, but these tax-favored savings accounts can help.
Two out of 3 people recently polled by Edward Jones were unable to correctly identify a 529 plan as a savings account for educational expenses. The financial services firm polled 1,002 people in April.
When it comes to growing a 529 savings account over time, every bit helps – from your own contributions to the cash your child gets for holidays and birthdays.
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