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Young Professional Couple are concerned as to the funding of their children's higher educations. Their alma...

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Accounting

Young Professional Couple are concerned as to the funding oftheir children's higher educations. Their alma mater has aQualified Tuition Program and they hav ealso hear about savingsbonds and Educational Savings Account. What is your advice tothem?

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3.6 Ratings (283 Votes)
Qualified Tuition Program There are many ways to save for college but one thing is certain it is never too early to start One relatively new way to save for college is a qualified tuition program QTP or Section 529 plan These plans offer a way to pay for college expenses with some nice tax advantages The 2001 Tax Act expanded the benefits of these plans The benefits of establishing a QTP are Earnings accumulate tax free while in the account The beneficiary doesnt generally have to include the earnings from a    See Answer
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