Mar 29
Posted by Bernita,
529 College Savings Plans, which are simply managed mutual funds, are available in two different forms in most states. All colleges may not have their own plan but many of them do. Each 529 plan, however, will be either a prepaid college plan or a college savings plan. A prepaid college plan gives you the advantage of locking in the price of tuition for the year of purchase. It does this by allowing you to buy segments of tuition at the current rate. These plans only cover tuition and other fees, but you often can buy room and board separately.
