New Trump Accounts In addition to these changes to 529s, the bill simultaneously established Trump Child Accounts. These are a new type of tax-deferred savings plan to which parents and grandparents ...

As a new mom, planning for my daughter’s future is top of mind. Before opening a savings or brokerage account, I asked ...

The law sunsets a loan program for graduate students and makes short-term workforce training eligible for Pell Grants.

The massive spending and tax bill signed by President Trump introduces major changes to student loans and financial aid, ...

One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be ...

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or ...

Lawmakers have been calling for some form of investment account for newborns for years with mixed results, but the Trump account aims to solve the dilemma.

Parents can deposit up to $5,000 into a Trump Account annually until the year their child turns 18. But should they do that?

The new One Big Beautiful Bill Act, now signed into law, will change 529 plan rules as early as this summer. What does that ...

529 plans typically have a narrower range of so-called “qualified expenses.” A qualified expense is anything that can be paid for by the plan that allows you to use the plan’s funds tax-free.

Reserve withdrawals for qualified expenses While technically you can tap your 529 planfor whatever amount you want, only withdrawals made for 'qualified education expenses' will avoid taxes.