Tax-free college plan breaks record

Published 03/13 2014 04:02PM

Updated 03/13 2014 05:32PM

NATIONAL -- College savings through 529 Plans hit a record high $227 billion last year. That's up about 19% from the year before. The popular plan allows money to be saved tax-free as long as funds go toward approved college costs. The average total cost of attending a public college rose to more than $19,000 this year.

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