College savings: a 529 Plan // prepare for covering a part of your child's education costs with a 529 plan, it allows you to save for her college tax-free. this infographic shows how it works. $180,000
An Introduction to 529 Plans What is a 529 plan? There are two types of 529 plans: pre-paid tuition plans and college savings plans. All fifty states and the District of Columbia sponsor at least one type of 529 plan. In addition, a group of private colleges and universities sponsor a pre-paid tuition plan.