1. Gallup Survey, 2015
2. College Board, 2016
3. How America Saves for College 2016, Sallie Mae, 2016
*Earnings within a 529 plan aren’t subject to federal tax and generally aren’t subject to state tax when used to pay for qualified education expenses. Some states provide tax deductions or credits to employees for 529 contributions, and some states provide employers with tax credits for matching 529 contributions. Since state tax treatment of 529 plans varies by state, users should consult their tax advisor about state and local taxes.
Disclaimer: The information contained on this site is not intended to be and does not constitute investment advice. Such information is general in nature and is provided solely for informational purposes to our customers and is not to be construed or interpreted as a recommendation. All investment decisions are solely the responsibility of the user.
Gradvisor is a registered investment advisor. Before investing, users should consider whether their or their beneficiary’s home state offers a 529 plan that provides state tax or other benefits that are only available for investments in their home state’s 529 plan.