No, you can use your 529 plan savings for qualified higher education expenses at schools nationwide – and many internationally.
No, your savings belong to you. If your child receives a scholarship, you may withdraw funds up to the value of the scholarship and only pay taxes on the earnings, There will be no penalty. If your child chooses not to go to college, you may change beneficiaries to any person related to your original beneficiary with no penalty.
No, your 529 Plan for your child will have a relatively small impact on a student’s financial aid eligibility – it is the same level of impact as your own bank or investment account has.
No, a dollar saved today in a 529 Plan is still worth more than a dollar taken on in student loan debts when your student gets to college. And there may be a tax benefit in your state for contributions - there are many states that offer state tax benefits for contributions to their 529 Plans.
No, there are no age requirements to have and use a 529 Plan – they are available to anyone pursuing higher education dreams.
Kansas
Maine and Various
Ohio
Virginia
Colorado
Arizona, Indiana, Nationwide
Indiana
Alaska
Arizona / Delaware / Massachusetts / New Hampshire / Connecticut
New Jersey
Arizona
Rhode Island
Virginia
Alaska
Massachusetts
Utah
Nebraska
New Hampshire
New York
Texas
(Available nationwide without geographical limitation)
California
Alaska / Maryland
New Mexico
California / Connecticut / Georgia / Michigan / Minnesota / Oklahoma / Wisconsin
Maine / Oregon / Washington
Wisconsin and Iowa
Washington (state)
Wisconsin
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