National 529 College Savings Plan Day is today


HAMPTON ROADS, Va. (WAVY) — Today is National 529 College Savings Plan Day.

The 529 plans is a way to help parents fund their children’s educations. 

According to financial experts, the average college graduate has about $37,000 of debt. 

The government-sponsored collage savings accounts have tax benefits to help parents save. The money placed into the account will grow tax-deferred, and if your child takes money out of the plan for qualified education expenses the money comes out tax-free.

Qualified education expenses include the students tuition, books, or housing.

You can find more information on 529 day here:

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