Quiz: How well do you know 529 college plans?

Deborah L. Meyer, Cpa,, WorthyNest Llc, CEO, and Cfp(R) •
Kiplinger
writing

Saving for college keeps getting more challenging. By 2024, the average sticker price for a year at public in-state college is expected to climb to $34,000, and for private school undergrads it could be $76,000, according to the College Board’s 2016 study “Trends in College Pricing.” For people looking for ways to fund future college

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What to know about reimbursements from 529 plans

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger
Student studying on tablet pc

[Question]My son will be starting college in Maine this fall, and we’ll withdraw money from his 529 plan for the first time. Do we need to provide the college-saving plan with evidence of eligible expenses before we can access the money? Also, is there anything special we need to do at tax time? [Answer] You

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Paying for off-campus housing with a 529 Plan

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger

[QUESTION] My son will be a sophomore in college in the fall and is living off-campus. He has a 12-month lease, but he doesn’t attend classes in the summer. Can I use his 529 money tax-free for the full year’s rent, or do I need to prorate the withdrawal based on the number of months

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Give the gift of college

Reporter, Rivan V. Stinson, and Kiplinger's Personal Finance •
Kiplinger

Looking for a baby gift that keeps on giving? Gift of College, an online registry for 529 plans and student loan accounts, lets you contribute to a child’s college education with gift cards for 529 college savings plans. Find the cards at Toys “R” Us and Babies “R” Us stores in amounts ranging from $25

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