A CollegeInvest 529 Savings Plan is an educational savings account where your money grows federal and state tax-free as long as it’s used for specific expenses, including tuition and room and board. Use your savings anywhere in the country at eligible colleges or trade schools and even for apprenticeships.
529’s were created to encourage Parents to start saving early while their students were young, allowing the savings to increase as they grow. The affordability, flexibility and unique savings plans of 529s make them one of the best and easiest ways to save for a postsecondary education.