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5 College Savings Accounts and How They Work - TechSlips
It is seldom simple to save for college. College savings accounts, fortunately, may assist students and families in properly saving money for college and planning for their academic careers. Most parents or guardians set up a college savings account to save money for their child’s education. Other college savings accounts can be created in or by the student’s name. Each account has unique qualifying requirements and limits. For example, the Coverdell ESA retains income limitations, but the 529 plan does not. The 529 college savings plan is regarded as one of the greatest college savings accounts, but it is far from your only option. We’ll go over the six different types of college savings accounts, how they function, and their
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