Y our 529 plan is no longer just for college tuition. ... Thanks to the SECURE Act of 2019, you can now allocate up to $10,000 from your 529 plan to pay off qualified student loans.

In addition, a 529 plan can be used to pay off student loan debt, thanks to 2019’s SECURE Act. Here’s how you can use a 529 plan to pay off student loans and some smart ways to do so. How a ...

A 529 plan can be used to pay for college costs in any state. Most states offer a direct-sold 529 plan, where the money is invested directly from the state.

Just one-third of families saving for college use 529 plans, the survey found. It’s easy to get started, even if you don’t have a lot to put away. In most states, you can open a 529 with just $25.

However, recent federal law changes allow you to use your 529 plan to cover student loan debt. In 1996, ... Pros and Cons of Using a 529 Plan to Pay Student Loans.

Question: I opened 529 college-savings accounts for both of my grandsons. One of them just won a four-year scholarship to college. If I don’t use the money for college expenses, do I have to pay ...

Stephen Nelson: 529 plans are the best way to save for college due to the tax-free growth and tax-free withdrawals if used for college expenses. However, the decision doesn’t end there.

For 529 plan investors across 34 states and Washington D.C., these benefits can come in the form of a deduction or credit. Generous in-state benefits might entice investors to select a local plan ...

Most parents worry about not having enough money in their 529 savings plans to pay for their kids' college expenses. But sometimes you can end up with more cash in these accounts than you need ...

In addition, a 529 plan can be used to pay off student loan debt, thanks to 2019’s SECURE Act. Here’s how you can use a 529 plan to pay off student loans and some smart ways to do so. How a ...

What to Do With a 529 Plan When a Child Doesn't Go to College. ... And a new law lets you withdraw up to $10,000 from a 529 account each year to pay tuition for kindergarten through 12th grade.