Skip to main content
CFP Board LMAP Logo
Favorites
Search Let's Make a Plan
Find a CFP® Professional
Please select a location from the dropdown.
Topics A-Z

Education Savings

Saving for future college costs and other educational expenses is a major financial goal for many families. Several tax-advantaged savings programs can help, such as 529 savings plans, Coverdell education savings accounts and custodial accounts. It’s also important to understand the impact of these savings programs on a student’s financial aid package.

A piggy bank sits next to a pile of books with the numbers 529 stacked on top. The background is a chalkboard.

What is a 529 Plan? How to Make the Most of It

Like many Americans, you may be missing out on significant tax advantages if you’re not using a 529 plan. But what exactly is a 529 plan? In short, a 529 plan is an investment account with tax advantages used to pay for primary, secondary, and higher education expenses.

Find a CFP® Professional

Please select a location from the dropdown.

By executing a search, I agree to Terms and Conditions for the Find a CERTIFIED FINANCIAL PLANNER™ Professional Search