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Financial Planning / Paying For College


Subject:  Re: Paying for College and Aid Date:  7/1/2013  3:56 PM
Author:  Optomystic1 Number:  8044 of 8345

VA529 ( has pre-paid Tuition plans as well as 'normal' 529 plans. The Pre-paid tuition plans have limited open enrollment periods, but the 'normal' 529s are always open; only the pre-paid tuition option requires either the owner or beneficiary to be a State resident.

The common benefit of both is that each individual owner can deduct up to $4k annually on their state tax requirement for each account - perpetually until fully deducted. Earnings on Virginia5