Close to two-thirds of parents and grandparents are not at all familiar with the Section 529 college savings plans, a recent survey finds. However, once the tax and other benefits of 529 plans are explained, 68% of parents and 44% of grandparents say they are more inclined to save for a childs college education using the 529 plan.

Source: AllianceBern-
stein Investment Research and Management


Reproduced from National Underwriter Life & Health/Financial Services Edition, August 25, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.