If you’re considering establishing a 529 plan to save funds for education on a tax-advantaged basis, you no longer have to worry that unused monies remaining after your student graduates will go to waste. Thanks to the Setting Every Community Up for Retirement (SECURE) Act, passed on December 20, 2019, you now have more options as to how you use these savings since the definition of qualified higher education expenses has been expanded and now includes student loan payments and costs of apprenticeship programs. See this Forbes article for more details –
New 529 Plan provisions allow using funds to repay student loans
Still interested in reading more about the latest in 529 plans and you live in California? Here’s an excellent site for information on what to do next –