WiserAdvisor Blog How 529 Plans Help Manage Costs and Maximize Education Savings

The cost of higher education in the United States has been steadily increasing. This places a significant financial burden on students and their families. In the 2024-25 academic year, the average tuition for full-time in-state students at public four-year institutions rose to $11,610, marking a $300 increase from the previous year, a 2.7% rise before adjusting for inflation. Families need to adopt effective savings strategies to manage these escalating expenses. Among the most impactful tools for addressing this challenge is the 529 plan. These plans offer a tax-advantaged way to save for education expenses, enabling contributions to grow tax-free and […] The post How 529 Plans Help Manage Costs and Maximize Education Savings first appeared on WiserAdvisor - Blog.