Most people know they can save for their children’s college educations through a 529 plan, but what isn’t so widely known is that 529s can be used to pay for adults to go back to school as well.

A 529 plan is an investment account that allows people to set aside money, pre-tax, for college expenses. Individuals can sign up for their own state’s 529 plan or shop around to other states. Many companies give their employees the opportunity to deposit money from their paychecks into a 529 plan.

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