If you have children or grandchildren, you may already be somewhat familiar with the 529 plan, a popular education savings vehicle. But you may not have kept up with some recent changes in the plan’s capabilities and in the educational environment in which the plan might be used.

Let’s start with the learning environment. During the COVID-19 pandemic, colleges and universities switched to online classes, or at least to a hybrid of in-person and online. And even before the pandemic, many schools offered remote classes, though obviously not to the same extent. But after COVID-19 subsides, it’s likely that the online component will remain an important part of higher education. What does this “new world” mean for you, when you’re saving for college? Will a 529 plan still be relevant?

This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, Member SIPC, Michael Lindsey, AAMS 101 Wilson Avenue, Ste C., Hanover 717-634-2445, michael.lindsey@edwardjones.com.

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