Nearly 75% of Americans are missing out on an easy way to save for college - here's what every parent should know
Jun 10, 2016, 21:32 IST
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College is expensive - that's obvious.
What's not obvious is how to cover these costs. According to a recent survey from financial services firm Edward Jones, 72% of Americans aren't aware of the 529 college savings plan, a state-sponsored, tax-advantaged investment account that anyone can use to cover tuition, fees, books, and supplies.
Even if you've heard the words "529 plan," there are a ton of advantages they provide that you may not know about. Read on to learn how to make the most of a 529: