Why Recommend Private College 529 Plan
Watch how Private College 529 Plan can help your clients achieve their education savings goals.
5 Reasons to Save with Private College 529 Plan
1. Guaranteed by Participating Colleges and Universities
2. Protect Your Clients' Assets from Tuition Increases
3. Tax-Advantaged Saving Opportunity
The value of a Private College 529 account increases as tuition rises over the years. Like any 529 plan, the increase in value of the account is federal tax-free, and clients can roll assets from another 529 account into their Private College 529 Plan account. If your client’s home-state-sponsored 529 savings plan offers state tax deductions or credits, encourage your client to open the state-sponsored savings plan side by side with Private College 529. Use the assets in the savings account to cover the costs of room and board, books and computers. Use Private College 529 Plan to pay the costs of tuition and mandatory fees. There are no income restrictions and account size limits are generous – five years’ tuition at the Plan’s highest cost school. The current maximum is $317,030.