College Savings Calculator
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A 529 college savings plan grows tax-free and can be withdrawn tax-free for qualified education expenses. Starting early dramatically reduces the monthly contribution needed to fund four years of college.
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Tip: Open a 529 plan as soon as the child has a Social Security number — even at birth. Time is the most powerful variable.
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Fun Fact
529 plans now also cover K-12 tuition (up to $10,000/year) and student loan repayments (up to $10,000 lifetime).
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