25 families won more than $40,000 for their 529 college savings plans by participating in our family friendly fantasy fantasy football games. These winners came from a lot of states and have various options when it comes to their 529 savings plans awards. We are excited about the winners, their performances, and their great efforts during fantasy football season.
You can read some common questions about 529 plans from the College Savings Plans Network website. Here are a few of the common questions.
Q. Can anyone open a 529 account? What about grandparents?
A. A 529 account can be opened by anyone. Grandparents, other relatives or family friends can all be account owners, or simply choose to contribute to an existing account. In most states, a trust, corporation, non-profit or government entity can also open an account.Q. Does my child have to go to an in-state school?
A. No. Funds can be used at any eligible educational institution in the country to pay for qualified higher education expenses. “Eligible educational institutions” are accredited post-secondary educational institutions offering credit toward a bachelor’s degree, an associate’s degree, a graduate level or professional degree, or another recognized post-secondary credential. Certain proprietary institutions and post-secondary vocational institutions and certain institutions located in foreign countries are also eligible educational institutions. To be an eligible educational institution, the institution must be eligible to participate in U.S. Department of Education student aid programs.
Tags: 529 basics, 529 savings plan, college savings, College Savings Plans Network, college tuition, CSPN, family friendly fantasy football, fantasy football for kids