How A Louisiana 529 Plan Can Help You Maximize Your College Savings
You’re not alone if the thought of a college education’s price tag makes you sweat. In 1980, the annual cost of a 4-year college (including tuition, room and board, and other fees) was $10,231. In 2020, that price took a 180% jump to $28,775. And that’s just for public institutions! If your child dreams of attending a private school, the average price is $48,965. But have no fear, Louisiana residents! A Louisiana 529 Plan can help you maximize your college savings so you can use your hard-earned dollars in the best way possible. Ready to see how a Louisiana 529 Plan can help you save for college? What Is A 529 Plan? A 529 Plan is a savings plan with tax advantages designed to help pay for educational costs. There are two major types: Any funds saved through an Education Savings Plan grow tax-deferred. And as a bonus, as long…