Can't decide which plan to choose?
Remember, you don’t have to. You can save for college with both the Prepaid College Trust and the College Investment Plan, or pick the plan that’s better for your needs.
Please note that the availability of tax or other benefits may be conditioned on meeting certain requirements such as residency, purpose for or timing of distributions, or other factors, as applicable.
Earnings on a distribution not used for qualified expenses may be subject to income taxes and a 10% federal penalty.
While distributions from 529 college savings plans for elementary or secondary education tuition expenses are federally tax-free, state tax treatment will vary and could include state income taxes assessed, the recapture of previously deducted amounts from state taxes, and/or state-level penalties. You should consult with a tax or legal advisor for additional information.