Miami, Florida (PRWEB) May 22, 2014
May 29 (5-29) is National 529 College Savings Plan Awareness Day. This designated day of the year is for celebrating the importance of preparing for future college expenses and the advantages of 529 College Savings Plans.
“It’s important to have a savings plan for college, and 529 plans are flexible, tax-advantaged ways to save for college for children or grandchildren,” said Mandee Heller Adler, founder of International College Counselors.
For those unfamiliar with college savings, a 529 Plan is an education savings plan operated by a state or educational institution designed to offer a simple, affordable way for families to save for future college costs. These investment accounts allow tax-free growth and withdrawals of earnings for qualified expenses, including tuition, room and board, books and supplies, while attending an eligible educational institution.
The 529 is named after Section 529 of the tax code that created these savings plans. Almost every state has one or more 529 plans available. These plans differ from state to state.
In celebration of 529 day, a number of states are offering special promotions. A few of them are listed below.
Connecticut: CHET 529 Day Promotion
Florida: Florida “National 529 College Savings Day” Sweepstakes
Maryland: College Savings Day at the Maryland Zoo and Zookeeper for a Day Giveaway
New York: 529 College Savings Day Sweepstakes
Virginia529 Matching Contributions
For more information on 529 savings plans, contact an expert college counselor at International College Counselors.
About International College Counselors
International College Counselors is an independent college admissions company that helps students in the U.S. and all over the world find, apply to, and gain acceptance into the college of their dreams. The college counselors are dedicated to helping students and their families successfully navigate the college admission process. For more information on International College Counselors or to contact an expert college counselor, please visit http://www.internationalcollegecounselors.com or call 954 414-9986.