Discover cards are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase.

Qualified 529 expenses are more broadly defined than many may assume. In addition to tuition, funds can be used for housing, meal plans, books, supplies, laptops and even internet service provided ...

Even if all of one’s children aren’t going (this sounds like the case for this Reddit user), perhaps it’d make sense to use the 529 plan on oneself! Indeed, you’re never too old to further ...

you have to enter the entire value of the 529 plan, even if you’ll only be using a small portion of it to pay for that child’s college expenses. This same issue exists even if you’re the ...

Before opening a 529 plan for a grandchild ... for the purposes of the grandchild's education," he says. "Maybe it's even due to marital reasons with that child, and they just want to make ...

Support for non-college programs – Even if your children don’t want to go to college, it doesn’t mean they’re uninterested in any type of postsecondary education or training. And a 529 ...

“If you are the parent of the beneficiary, you can even use the funds for your own adult learning.” In addition, if the 529 plan beneficiary receives a scholarship, the amount up to the value ...

Even in cases where a family does have to pay a penalty, Kohn says it's often still a financially smart move to open a 529 college savings plan as early as possible. He says it can open up other ...