Please also see our companion Bulletin for a few questions to consider before opening a 529 plan account
Education savings plan investments in mutual funds and ETFs are not federally guaranteed, but investments in some principal-protected bank products may be insured by the FDIC
- It allows 529 plan distributions of up to $10,000 to repay qualified student loans of the beneficiary. An additional $10,000 can be used for the qualified student loans of each of the beneficiary’s siblings. Read more “Please also see our companion Bulletin for a few questions to consider before opening a 529 plan account”
