529 College Savings Plan
You can save for your child’s college expenses with a 529 plan, a tax-advantaged savings plan authorized by Section 529 of the Internal Revenue Code.
The Georgia Higher Education Savings Plan (529 Education Plan)
If you're making future education plans for your child or other beneficiary, the Georgia Higher Education Savings Plan offers a low-cost way to save money for a child's college education. Contributions to the plan are made on an after-tax basis, but earnings are tax free if they are spent on qualified educational expenses.
Participants can open an account by payroll deduction, with as little as $15 per fund. While there is no annual contribution limit, there is an overall maximum account balance limit of $235,000.
You can enroll in the plan at any time. For more information on how to enroll, call 877-424-4377 or visit their website:
The Private College 529 Plan
The Private College 529 Plan, sponsored by numerous private colleges across the country (including Emory), is a pre-paid tuition plan.
The plan allows families to purchase tuition at today's prices that can be used at any member school tomorrow, for up to 30 years, and the increase in value is tax free. The plan protects families from tuition increases and market volatility. Account owners pay no fees so 100% of contributions go toward the purchase of tuition.
You can enroll in the plan at any time and contribute as little as $25 a month.
For more information, call 888-718-7878 or visit the website: