Uploaded August 2026 | Updated September 2026, 3 weeks ago

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With back-to-school season underway, families may also be thinking about how to save for their child’s future education.

Scott Morrison of Saving for College explains how 529 savings plans work and why even small contributions can add up over time. These accounts allow money to grow tax-free when used for qualifying education expenses, and families can compare plans nationwide based on fees, performance and tax incentives.

Connecticut’s CHET program offers a tax deduction, while 529 funds can also be used for a growing range of education expenses, including certain K-12 costs, trade schools and apprenticeships. Families can also explore features such as gifting platforms and beneficiary transfers.

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