Rising tuition costs can make it difficult for even the most diligent of savers to cover 100 percent of a child’s education expenses. That’s why it’s important to plan for educational needs as early as possible. PNC Investments can help guide you with an investment approach aligned with your situation and goals.
Stay up-to-date with ideas and strategies from PNC for your investments and retirement.
A 529 plan is a tax-advantaged investment vehicle (typically sponsored by states or state agencies) designed to encourage saving for the future education expenses of the plan’s beneficiary. They can be used to pay for qualified education expenses at most accredited colleges and universities, as well as tuition expenses at both public and private elementary and secondary schools (K-12).[1]
A custodial account under the Uniform Transfers to Minor Act (UTMA) allows you to save for your child or grandchild's future higher education needs.
The following information may be provided by PNC Investments affiliates, including PNC Bank, PNC Private Bank℠ or PNC Institutional Asset Management®:
