4.1.5.3.5.2. The 529 Savings Plan
The 529 savings plan offers families professionally managed portfolios to help meet the rising costs of K–12 and higher education. Since the contributor assumes all investment risks of a 529 savings plan, these plans cover a greater range of education expenses and allow the beneficiary to choose from a greater range of institutions than qualified tuition plans.
Qualified withdrawals for college expenses include tuition, room and board, books and supplies, and special needs services for people with disabilities. Eligible educational institutions include any public, private, or religious school for primary and secondary education and any college, university, technical, or vocational school that participates i