Key changes in 529 college savings plans make them even more valuable

Key changes in 529 college savings plans make them even more valuable

Alaska 529 has partnered with our program manager, T. Rowe Price, to provide insights about updates to the rules governing 529 plans. Check out the article Key changes in 529 college savings plans make them even more valuable for everything you need to know about changes to 529 plans and how they could impact your education savings strategy.





Here are some key highlights from the article:

• New rules allow leftover Alaska 529 funds that meet certain criteria to be rolled over into a Roth IRA for the same beneficiary.
• Updates on gifting tax limits make it easier for grandparents and other family and friends to contribute to an Alaska 529 account without affecting their tax situation.
• Changes to financial aid eligibility mean that distributions from nonparent-owned 529 plans no longer count as student income on the FAFSA.

With these changes, Alaska 529 offers an even more flexible approach to saving for future education expenses for you or a loved one.