The 4-1-1 on 529 college plans.

Publication: Consumer Reports

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COPYRIGHT 2002 Consumers Union of the United States, Inc.

Many middle- and upper-income families can benefit greatly from a 529 college savings plan. Named for a section of the tax code, 529 plans allow savings to accumulate tax-free and be withdrawn free from federal taxes when used for qualified college costs. The plans also encompass states' prepaid tuition programs.

Now that every state and the District of Columbia either sponsors a plan or is developing one, it's hard to choose the right plan, especially since you...

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