College Savings In Virginia

Higher education is important to success, but it is also expensive.

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From the day some children are born saving towards college is the one of the first long term goals a parent has for their child. There are several options for putting aside money for college. A 529 plan is a college savings account that encourages you to save money tax-free for higher education. Virginia 529 plan is a plan that is great for Virginia residents and more.

Each state offers a 529 plan and the Virginia529 plan is the largest in the U.S. You can open an account online and set up automatic payments to help you reach your savings goal just by starting with $25. If you don’t live in Virginia you can still invest in a Virginia529 plan, but take a look at your home state’s plan first because they may offer a state income tax deduction for residents.

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