College 529 plans have been around for about 25 years. In fact, all those years ago, I launched the first public relations campaign explaining to parents and grandparents how they can save for their loved one’s secondary education.
529 plans derive their name from Section 529 of the Internal Revenue Code. They were birthed because college tuition rates and costs were increasing at two to three times the rate of inflation. Student debt was mounting, and the government felt it had to offer tax-advantaged savings.
