The Georgia Higher Education Savings Plan, or Path2College 529 Plan, allows families to start saving now for students' college years.
- College and university tuition costs at both public and private schools have increased over the years. Calculate an estimate of how much you'll want to save for your children.
- While there's not one best way to save - some people save in varying amounts per month, others save a routine amount each month - the Georgia Higher Education Savings Plan generally recommends starting to save as early as possible. Read more about this.
- The Path2College 529 Plan offers you seven investment options, each that varies in its degree of risk. See the list of these Investment Options.
Yes, you can use your investment at any eligible college or university, and in some cases, you may also use the money for proprietary and vocational schools.
While there is no annual limit for contributions, there is an overall maximum balance limit of $235,000; this limit applies to all accounts opened for a beneficiary. Accounts that have reached this maximum may continue to earn interest.
No, contributions to the Path2College 529 Plan or any 529 plan are not deductible for federal income tax purposes.
This information was prepared as a public service of the State of Georgia to provide general information, not to advise on any specific legal problem. It is not, and cannot be construed to be, legal advice.