LeadStory

How are 529 plans expanding?

Asked 2 hours ago

Answer

529 plans now cover a wider range of educational expenses, including high school AP tests, college exams, tutoring, and vocational programs like plumbing and cosmetology, beyond just college or K-12 tuition.

Now Playing

Scripps Local

529 college savings plans expand to cover more educational expenses

Scripps Local ยท Just In
Scripps Local
Scripps Local
Just In
  • 529 savings plans can now be used for more than just college or K-12 tuition. 34s
  • Funds can cover high school AP tests, college exams, tutoring, and vocational training. 38s
  • Skilled trades and certification programs, such as plumbing and cosmetology, are now eligible. 47s
  • Financial experts recommend starting contributions early, even with small amounts. 1m 3s
  • 9% of students use college savings plans like the 529, according to recent data. 2m 7s
FinanceEducation

References

529 college savings plans expand to cover more educational expenses
Icon
Scripps Local
4 hours ago
529 college savings plans expand to cover more educational expenses

529 plans can now be used for high school AP tests, college exams, tutoring, and career programs, including skilled trades and vocational training.

529 college savings plans expand to cover more educational expenses
Icon
Scripps Local
4 hours ago
529 college savings plans expand to cover more educational expenses

Training and certification for skilled trades and vocational careers such as plumbing, electrical work, welding, HVAC, and cosmetology are now covered by 529 plans.

What Are People Asking?