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529 plan good for students and their parents

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Conville, Bobby.jpg

With the pace of higher-education costs rising faster than the general Consumer Price Index (CPI), it’s easy to understand why saving enough money to fund a child’s college education has become a financial challenge for many parents and grandparents. The numbers tell the story:
The first-year college tuition bill in 2020 is projected to be $32,803 for an in-state average public education institution and $66,036 for an average private institution.

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