Saving for your child’s college-savings-plan-beneficial-investment-for-college-education/” title=”529 College Savings Plan: Beneficial Investment for College Education”>educational expenses doesn’t have to be an impossible task. With the help of a 529 education savings plan, you can start putting money away for future college and other post-high school education costs. This article will discuss the basics of 529 education savings plans, their advantages, and what to keep in mind when opening up a plan. is a tax-advantaged investment vehicle designed to help families save money for their children’s post-secondary education costs. The plan allows families to save money over an extended period of time, with the funds being invested in a variety of assets that yield returns over the long term. Contributions to the 529 plan are not deductible on the federal income tax return, but earnings on the plan are tax deferred and accumulated funds are not taxed when used to pay for qualifying tuition, room, board, and other education-related expenses.