529 Plans: the facts and factors of these saving plans
The Government Accountability Office (GAO) recently released a report regarding 529 Plans. 529 Plans are widely-accessible savings plans that parents can use to contribute to future college expenses. Citing difficulty for many to pay for college (largely due to rapid increases in college costs), the GAO decided to look at the value and use of 529 Plans, which receive certain tax preferences--$1.6 Billion in 2011 alone.