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HOW THE INDEPENDENT 529 PLAN WORKS
Beneficiary "Ben" is 8 years old when tuition is purchased and enrolls ten years later in a college that offered a 1.5 percent discount through the Independent 529 Plan.
- Today's tuition: $20,000
- Today's cost to Ben’s family: $17,195
- Ben's eventual scheduled tuition: $32,578
- Ben presents his Independent 529 Plan Certificate: -$32,578
- Balance due for tuition: $ 0
