I spent some time looking at the AZ529 website and I got tons of great information. Here is some of the things that really stuck out to me about the AZ529 plan:
- Married couples filling jointly can deduct up to $1500 a year
- The money in your 529 account is not considered when determining financial aid awards. Meaning that when it's time to determine financial aid, you won't be penalized for planning ahead and saving your money.
- The savings can be used at all U.S. DOE accredited universities, colleges, private colleges, and vocational schools in the U.S., as well as eligible foreign institutions
- Anyone can make contributions. What a great idea for grandparents and other family members. Christmas time is coming right up!
- The best news for me is that you can start contributing with as little as $15 a month. We don't have a lot of extra money each month, but $15 is totally doable and I can feel good that I am doing something to plan for the future.
This is my youngest child. The two things she loves most in the world is coloring and piggy banks. So if given the opportunity to color a piggy bank, she is in heaven. Everyday that I look at my kids, I want the best for them now and in the future. I know that is what every parents wants. I am glad I had the opportunity to learn more about the #AZ529 plans. It has really gotten me excited to learn more and start saving for my childrens bright future.
Disclosure: This post is sponsored as part of the #AZ529 College Savings Month Blog Tour with Mom Select.