Section 529 college investment plans are definitely an attractivecollege savings opportunity.
Money invested in the plans grows tax-deferred. Then withdrawalsto pay for college expenses, including tuition, fees and room-and-board ultimately are taxed at the student's low tax rate.
The money in the account can be used at any college or university,regardless of state residence_although states, includingIllinois_give a break on state taxes that would be owed onwithdrawal.
The plan assets are not counted against the family in applying forfinancial aid. If one child does not attend college, the money can …
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