529 Plans

Federal GOP Lawmaker Revives Push to Create New Tax Break for Home Schooling
Rep. Luke Messer, R-Ind., has introduced legislation to allow money in 529 savings plans to be used for home-schooling expenses, a proposal that was stripped out of a late version of the recent tax-code overhaul.
Andrew Ujifusa, January 24, 2018
1 min read
School Choice & Charters Does the Tax Bill Help Fulfill Trump's $20 Billion School Choice Promise?
Although expanding 529 savings accounts to include private K-12 tuition is a big victory for school choice advocates under Trump, not all school choice supporters are on board with the idea.
Arianna Prothero, December 20, 2017
4 min read
Federal The GOP Has a New Vehicle for School Choice, But Are the Wealthy at the Wheel?
Recent data shows that most Americans are not aware of the savings plans that could be used to expand private school choice in the proposed Republican rewrite of the tax code.
Andrew Ujifusa, November 6, 2017
4 min read
Budget & Finance Teacher Deduction for Classroom Expenses Scrapped in GOP Tax Bill
The bill would let families use up to $10,000 from 529 college savings plans for K-12 expenses, including private school tuition, but would scrap state and local income and sales tax deductions.
Alyson Klein & Andrew Ujifusa, November 2, 2017
7 min read
Education How a Savings Program Could Be Used to Expand School Choice
School choice supporters could push to allow parents to save for private school the same way many save for college: through 529 plans, which offer tax advantages.
Alyson Klein, August 2, 2017
3 min read
College & Workforce Readiness House Votes to Expand Use of 529 College-Savings Plans
Families with 529 college-savings plans would be allowed to withdraw money for technology or computer costs under legislation approved by the U.S. House of Representatives.
Caralee J. Adams, February 26, 2015
1 min read
College & Workforce Readiness President Obama Withdraws Proposal to Tax 529 Plan Benefits
Criticism from both parties led the White House to announce a change in its tax proposals, abandoning the idea of taxing withdrawals from college savings accounts.
Caralee J. Adams, January 28, 2015
1 min read
College & Workforce Readiness Proposals to Change Tax Code Could Impact Higher Education Savings
If President Obama's new tax proposal is adopted, families could no longer withdraw money for college expenses from 529 Plans for free.
Caralee J. Adams, January 26, 2015
2 min read
Education 529 Plan Savings Can Be Used for High School Dual-Enrollment Tuition
Families can use money accumulated in 529 college-savings plans to pay for dual-enrollment classes students take in high school.
Caralee J. Adams, August 29, 2013
1 min read
College & Workforce Readiness Many Americans Unaware of College Savings' 529 Plans
As organizations mark 529 College Savings Day, a survey finds nearly 70 percent of Americans aren't aware of 529 Plans and their role in providing savings accounts.
Caralee J. Adams, May 28, 2013
2 min read
Education Small Fraction of Families Save for College With 529 Plans
Just 3 percent of American families save for college using 529 plans or the Coverdell savings plan.
Caralee J. Adams, December 14, 2012
2 min read
College & Workforce Readiness Campaign Aims to Boost Awareness of 529 Plans
We know it's going to cost a bundle to send our kids to college, but many families aren't prepared. While most parents expect their children will go on to higher education, just six in 10 parents have saved for it, according to a 2009 Sallie Mae-Gallup poll. Earlier this week, we learned about how many students are saddled with high student-loan debt.
Caralee J. Adams, April 29, 2010
2 min read