Economic Program | Idea Brief
Relief for College Savings Accountholders
Among the many Americans still reeling from last year’s financial crisis are the parents of school-age children with 529 college savings accounts. Many parents will end up locking in the losses on their accounts because current law limits the allowable uses of 529 funds and will require them to cash out their accounts before the markets fully recover. Expanding the allowable uses of 529 account funds to include loan repayment could help provide relief to these students and their parents.
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