Glossary of Municipal Securities Terms

529 PLAN

A generic term for a “qualified tuition program” established under Section 529 of the Internal Revenue Code. Both 529 college savings plans and pre-paid tuition plans are considered 529 plans, although the term sometimes is used to refer exclusively to 529 college savings plans. See: 529 COLLEGE SAVINGS PLAN; PRE-PAID TUITION PLAN.

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