The Obama administration is interested in 529 Plans as a way to increase college attendance and affordability. In a recently released Treasury Department report, officials set forth a number of recommendations to benefit low- and middle-income families.
These recommendations include:
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Use of Age-Based Index Funds to Lower Investor Costs
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Eliminating Home-State Plan Bias
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Limiting Per Beneficiary Contributions
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Improve Transparency
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Strengthen Compliance and Monitoring
Download a full copy of An Analysis of Section 529 College Savings and Prepaid Tuition Plans
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