529 plans: For students of all ages

While we often think of a 529 plan beneficiary as a child, there is actually no age restriction... the beneficiary can be an adult, too.

In fact, with more and more people going to graduate school, pursuing adult learning, or retooling their professional skills at vocational or technical institutes, a 529 plan can be a useful way to save. The Department of Education's Institute of Education Sciences (IES) refers to these people as "non-traditional" students. This category can include those who:

  • Don't attend college right after finishing high school
  • Work full-time while enrolled
  • Have dependents other than a spouse
  • Have a GED or some other completion certificate

And don't forget graduate students: The cost of graduate school and other post-college programs results in many students beginning their professional lives burdened with debt.

The point is, it's never too late to save for post-secondary education. And the tax benefits of a 529 plan can be helpful even if you're planning for a year or two ahead.

Learn all about the benefits that a 529 plan can offer to a non-traditional student who is trying to save for school.



1 You should consider before investing whether your or the beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.












Tip: You can generally enroll in any 529 plan, regardless of where you live and regardless of where your child attends college. Certain plans may have residency requirements or in-state college requirements.1