529 Plan

What Does 529 Eligible Educational Institution Mean?

A confused parent weighing her options.

Picture this. Your student is getting ready to go off to college for the first time. For years, you have contributed to their education savings plan, helping to make their dream of higher education a reality. As you prepare to send in the first payment from your 529 account, you want to ensure that your student is attending an eligible institution so it counts as a qualified withdrawal.

You might be unsure what this is referring to,