The Georgia Higher Education Saving Plan (529 Education Plan)
If you're making future education plans for your child or other beneficiary, the Georgia Higher Education Savings Plan offers a low-cost way to save money for a child's college education. Contributions to the plan are made on an after-tax basis, but earnings are tax free if they are spent on qualified educational expenses.
Participants can open an account by payroll deduction, with as little as $15 per fund. While there is no annual contribution limit, there is an overall maximum account balance limit of $235,000.
You can enroll in the plan at any time. For more information on how to enroll, call 877-424-4377 or visit http://www.path2college529.com.
The Private College 529 Plan
The Private College 529 Plan, sponsored by more than 270 private colleges across the country (including Emory), is a pre-paid tuition plan. The plan allows families to purchase tuition at today's prices that can be used at any member school tomorrow, for up to 30 years, and the increase in value is tax free. The plan protects families from tuition increases and market volatility. Account owners pay no fees so 100% of contributions go toward the purchase of tuition.
Participants can enroll in the plan at any time and contribute as little as $25 a month.
You can enroll in the plan at any time and view member schools at www.tomorrowstuitiontoday.org or call 888.718.7878.
More information on investing in a 529 Plan can also be found at: