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Gen Zs Focus on Career Paths and Cost Savings in Pursuit of Higher Ed says New Survey by College Savings Foundation

May 23, 2019

2018 Parents Survey

March 8, 2019

COLLEGE SAVINGS FOUNDATION 12TH ANNUAL SURVEY FINDS PARENTS ARE SAVVY COLLEGE SAVERS WHO VALUE 529 COLLEGE SAVINGS PLANS Continue Reading...

Contact: Lynthia Romney (914) 238-2145/(914) 589-2140 romneycom@gmail.com Have 529 College Savings Plans Come of Age? College Savings Foundation (CSF) 2017 Survey Shows Parents Saving More With 529 college savings plans in existence for over 20 years, parents today are embracing saving as their favored way to pay for their children’s Continue Reading...

2016 State of College Savings

March 8, 2017

2016 Parents Survey As high school students get ready for back to school, their parents are gearing up for the formidable task of paying for college. In its 10th Annual State of College Savings survey of parents across the country, in which the majority of respondents have at least one Continue Reading...

High School Students and Their Parents Save For a Broad Range of Higher Education Paths

September 20, 2016

Washington, DC, September 20, 2016 –In recognition of College Savings Month, the College Savings Foundation is releasing an analysis of surveys showing that both parents of high school students and the students themselves are saving for college. In addition, they are both looking at how to apply those funds in Continue Reading...

REALITY OF COLLEGE COSTS LOOMS LARGE

August 16, 2016

As high school students get ready for back to school, their parents are gearing up for the formidable task of paying for college. In its 10th Annual State of College Savings survey of parents across the country, in which the majority of respondents have at least one child aged 14-18, Continue Reading...

High School Students on Quest for College are Educated Consumers

June 22, 2016

Click here to download the PDF. Continue Reading...

More High Schoolers Save for College

May 25, 2016

The 7th annual College Savings Foundation survey of high school students across the country shows that 60% are already saving for college, and many are working and planning on loans, aid and scholarships as well. To learn how the next generation is planning to fund college, click here. Continue Reading...

COLLEGE SAVINGS FOUNDATION FINDS THAT 72% OF CHILDREN HAVE ACCUMULATED SAVINGS FOR COLLEGE

September 18, 2015

Nearly three quarters (72%) of children age 18 or under have accumulated savings for college, and for many of them utilizing a 529 college savings plan has been the savings vehicle of choice. In recognition of College Savings Month, the College Savings Foundation has released a snapshot of Americans’ savings Continue Reading...

PARENTS SAVE FOR KIDS’ COLLEGE DESPITE CARRYING STUDENT DEBT

August 4, 2015

College Savings Foundation’s 9th Annual Survey: Parents Motivated to Save Read Survey >> Read Press Release >> Continue Reading...

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Congress created 529 Education Savings Plans in 1996 under Section 529 of the Internal Revenue Code. They are state-sponsored, tax-advantaged vehicles for qualified post-secondary education expenses, such as tuition, fees, books, required supplies, equipment and room and board. There are two types of 529 Plans: savings plans, which allow families to save for expenses, and prepaid tuition programs, which generally allow families to make advance tuition payments to cover future attendance at a designated in-state public college or university system. Most states offer a 529 plan, and some states offer both savings and pre-paid plans.

A primary focus of CSF is building public awareness of and providing public policy support for 529 plans – an increasingly vital college-savings vehicle. CSF’s members include investment managers, broker-dealers, governmental bodies, law firms, accounting and consulting firms, and non-profit agencies that participate in the sponsorship or administration of 529 college savings plans.

College Savings Foundation
1300 Piccard Drive Suite LL14
Rockville, MD 20850
240.404.6478

Email: jdisanza@collegesavingsfoundation.org

PRESERVING, ENHANCING 529 PLANS
CSF’s key program goals are specifically focused on promotion, protection and enhancement of 529 plans.

A FORUM FOR DISCUSSION AND ACTION:
CSF brings together the industry and consumers on policy questions and provides a means for unified action on issues of concern to 529 plan investors and the industry. CSF provides a framework to assist with the orderly development of the programs and, in particular, acts as a resource for policymakers who share CSF’s objective of helping families realize their educational goals.

Tax Benefits

Investments grow on a tax-deferred basis, and earnings are free of federal income tax.
Contributions are eligible for gift tax exclusion as long as certain conditions are met.
Generally, account owners can remove contributions and future earnings from their taxable estate.
Certain 529 plans offer some type of state tax deduction when residents invest in their own state’s plan.

Flexibility

There are currently no income limits. Any U.S. resident or citizen, regardless of income, can open an account.
Account owners can withdraw money at anytime.
Funds may be used to pay qualified education expenses at any qualified educational institution in the U.S. (and some schools abroad), including any accredited public or private college or university, graduate school, two-year community or junior college and vocational and technical schools.
Eligible educational institutions include most U.S. schools and some schools located abroad. The institution must be eligible to participate in the U.S. Department of Education student aid programs. To determine if a school is an eligible education institution, search for its federal school code at www.fafsa.ed.gov.
Most plans offer low initial investments and a variety of investment options fitting various levels of risk and time horizons.

Control

The account owner decides when and how money in the account is withdrawn.
Account owners can change beneficiaries and investment options, according to IRS guidelines.

Start planning for your child’s future today!