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Financial Services
Oklahoma Christian University
Monday, March 12, 2012

Saving for College: Tips on 529 Plans, Scholarships

“The basics: A 529 plan lets you sock away cash tax-deferred until your child goes to college,” USA Today reports. “While your state may offer tax breaks for investing in its plan, you can invest in any 529 plan in the country and use the proceeds for costs at qualified colleges in any state. Most states have two options. The first is a prepaid 529 plan, which lets you buy tuition at today’s prices. You can apply your savings to out-of-state or private schools. The second is a savings plan.”

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