school investment account | BTCC Knowledge

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Can an education savings account supplement a 529 college savings plan?

An Education Savings Account can supplement a 529 College Savings Plan and help you pay for education expenses from kindergarten through college.

Are education savings plans tax-free?

Education savings plans offer tax-deferred growth, and withdrawals are tax-free when used for qualified education expenses. These plans remain under the control of the donor, usually a parent. Prepaid tuition plans enable account owners to lock in current tuition rates for future attendance at selected colleges and universities.

How do I use the college savings calculator?

Anyone can use our college savings calculator to figure out how much to save each month. Login or become a member to create a personalized savings plan and track your progress. It's hard to predict your child's future educational path. Visit the Fidelity Learning Center for a variety of strategies and tips to help you prepare.

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