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November 25, 2007

State College Savings Plan

The federal government provides for tax less savings when a person wants to educate him or herself. There are a number of ways one can save for the college education. The methods will depend on the state you reside. Such college savings plans are the 529 plans. There are a few 529 plans in Pennsylvania that you can make use of if you are there. There are specific ways you need to find one for yourself. Some of the most common ones you will find are the State College Savings Plan. For example, Virginia 529. Most of the states offer both College savings plan and the prepaid Tuition plan. In case of Pennsylvania, there is a prepaid tuition plan with in the college savings plan.

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