Loftis: If You Haven’t Heard of 529 Plans, You’re Missing Out
South Carolina Treasurer Curtis Loftis was surprised to read that many parents still haven’t heard of 529 college savings plans.
In fact, nearly 75% of Americans are missing out on this great opportunity, according to the news site Business Insider.
“That’s astounding when you think of all the benefits you can reap from opening a Future Scholar account — South Carolina’s 529 college savings plan,” Loftis said.
With special tax benefits for South Carolina residents, opening a Future Scholar account can help parents save even more money for college.
“It really is the smart, easy way to save,” Loftis said.