- The only dedicated higher education saving program available in the U.S. market is the States sponsored 529 Plan. http://www.sec.gov/investor/pubs/intro529.htm
- The 529 plan, named after the IRS 529 code, is a simple saving account offering no guaranteed results. Saving is at the sole risk of the contributor. 529 offers tax advantage on the future payout, if used solely for college related payment.
- The 529 available only for U.S. citizens or permanent residents. No foreign family can join the plan.