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.

The "One, Big, Beautiful Bill," just passed in the U.S. House of Representatives, would allow 529 plans to be used toward career certifications and training programs. A 529 plan is a tax-advantaged ...

A 529 college savings plan can be a powerful tool when saving for future education expenses because investments in the plan can increase tax-free, but many savers don't take full advantage of all ...

The 529 plans allow money to grow tax-free, and if withdrawals are to pay for "qualified education expenses," they can be used tax-free, Boneparth said.

However, assets in a 529 plan have a lesser impact on financial aid packages than income does. A student’s federal financial aid is based on an estimate of what a family can contribute annually ...

A 529 plan’s impact depends on who owns the account. ... this calculator estimates what your family might be expected to pay. ___ This article was provided to The Associated Press by Morningstar.

The 529 plans allow money to grow tax-free, and if withdrawals are to pay for "qualified education expenses," they can be used tax-free, Boneparth said.