Saving to cover the ever-rising costs of a university education can be daunting, but one way parents can potentially bridge that gap is by investing through a 529 college savings plan. Assets in 529 plans grew 9 percent last year to $218 billion, fueled by net inflows and market gains, according to Morningstar. "If you have kids or grandkids, and you believe that...» Read More
Senate votes to expand college savings accounts. CNBC's Morgan Brennan reports.
President Obama has dropped his controversial proposal to tax 529 plans, but as CNBC's Sharon Epperson reports, the ability to withdraw tax-fee funds for higher education isn't the only reason these plans are an attractive vehicle for millions of families to save for college.
CNBC's John Harwood explains the Administration's idea for taxing 529 plans and discusses why tax reform is going to be so difficult.
Many say 529 savings plans are the best way to save for college, but interest in them is cooling.
As much as you may want to help out a friend or family member in need, there are several rules you should follow before you hand over any cash.