This post originally appeared on Money Cynic.
Americans are getting serious about saving for college. A record total of over $205 billion has been invested in 529 higher education savings plans as of June 2013, according to the non-profit College Savings Plan Network. These tax-advantaged investment accounts are offered in every state, but sometimes without the 529 moniker. They can be named “Smart Choice,” “Bright Start,” or “College Advantage.” Whatever they may be called, these state-established and maintained programs are an important tool for meeting the challenge of rising college tuition and expenses.
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