Photo by Ryan Schroeder on Unsplash

529s aren’t only for families with young children that have years of compounding ahead of them. A last-minute 529 contribution can save families thousands of dollars, even if they haven’t been able to save anything for college by the time their freshman heads off to college.

Photo by Ryan Schroeder on Unsplash

Virginia529's latest promotion is a free unit contribution (roughly $140) to a new or existing Tuition Track Portfolio when you add five units (roughly $700) by June 30, 2022.

Photo by Ryan Schroeder on Unsplash

Like pension plans, prepaid tuition 529 plans are disappearing. Virginia closed its Prepaid529 plan to new enrollments on May 1, 2019, after facing pressure to lower the costs of prepaid tuition contracts, a move that allegedly would have threatened the health of the program.