![]() The cost of borrowing money on a yearly basis, expressed as a percentage rate. The profit or loss on an investment over a one-year period. Posters, signs, television commercials, radio spots, and other media that businesses use to promote products or services. You also can use this plan to help pay tuition at public, private, or religious schools from kindergarten through 12th grade. ![]() This plan, also called an education savings plan, is typically sponsored by a state and may be available from a private investment firm. Like a 401(k) or IRA retirement plan, your account could go up or down depending on market performance. 529 savings planĪ type of 529 plan that allows you to invest your education savings in various types of investments, including mutual funds. ![]() 529 prepaid tuition planĪ type of 529 plan that allows families to pay tuition ahead of time for specific colleges or college systems at today’s tuition rates. There are two types of 529 plans: 529 prepaid tuition plans and 529 savings plans. A tax-advantaged savings plan designed to help families save money for future educational costs.
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