(Source: Ohio Tuition Trust Authority) Back To Blog GUEST BLOG by Kathryn Flynn published with permission. Article ran Sept. 16, 2015, on SavingforCollege.com. According to T. Rowe Price's Family Financial Trade-offs study, 45 percent of families who are saving for college are doing so with a general savings account. In fact, only 31 percent of those surveyed are taking advantage of the benefits of 529 college savings plans. With events like 529 Day held in May and College Savings Month campaign in September, the college savings industry has been working hard to educate families on the tax advantages and other benefits these plans offer. Unlike traditional investment accounts, earnings in a...
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