Who owns scholars Edge?
Ascensus College Savings Recordkeeping Services, LLC is the Program Manager for Scholar's Edge and Principal Funds Distributor, Inc. is the distributor of Scholar's Edge. The Program Manager and the Distributor are not affiliated organizations.
Do 529 plans grow tax free?
1. 529 plans offer unsurpassed income tax breaks. Although contributions are not deductible, earnings in a 529 plan grow federal tax-free and will not be taxed when the money is taken out to pay for college.
Does Principal offer a 529 plan?
529 college savings plan
Up to $10,000 in tuition expenses at private, public, and religious K-12 schools.
What is a Form 529?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.
What is the education plan?
An Education Plan is a plan that you will develop alongside your college counselor based on your goals and interests, and it basically lays out which kinds of classes you need to take, and when.