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  • financial-independence

529 Plan (529)

A 529 plan is a tax-advantaged investment account that may be used to pay for eligible educational expenditures for a selected beneficiary. A 529 plan may be used to pay for college, K-12 tuition, apprenticeship programs, and student debt repayments, among other things. If you save for college using a 529 plan, your funds will have a minor influence on your financial aid eligibility.

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