Virginia 529 College Savings Plan
Hey kiddo! Today we are going to talk about Virginia 529 College Savings Plan!
Do you like the idea of going to college and learning all sorts of new things? Well, Virginia 529 is a way for parents and grown-ups to save money for you to go to college when you get older!
It works like this:
When you are a baby or even before you are born, your parents, grandparents or other grown-ups can start saving money for you. They can put money into a special savings account called a 529 plan. This account is called “529” because each state has its own unique 529 plan.
The grown-ups can put money in this account all throughout your life until you are ready to start college!
And you know what’s really great? The money in a Virginia 529 savings plan grows and grows over time with the help of something called interest.
Interest is like a magic power that makes your money grow bigger and bigger just by leaving it in the account. This means, the longer the money stays in the account, the more it grows!
When it’s time for you to go to college, the grown-ups can use the money in the Virginia 529 account to pay for things like tuition or books. It’s like magic, right?
So that's basically what a Virginia 529 College Savings Plan is. It's a special account that helps grown-ups save money for you for when you want to go to college so you can learn new things and become the best you you can be!
Do you like the idea of going to college and learning all sorts of new things? Well, Virginia 529 is a way for parents and grown-ups to save money for you to go to college when you get older!
It works like this:
When you are a baby or even before you are born, your parents, grandparents or other grown-ups can start saving money for you. They can put money into a special savings account called a 529 plan. This account is called “529” because each state has its own unique 529 plan.
The grown-ups can put money in this account all throughout your life until you are ready to start college!
And you know what’s really great? The money in a Virginia 529 savings plan grows and grows over time with the help of something called interest.
Interest is like a magic power that makes your money grow bigger and bigger just by leaving it in the account. This means, the longer the money stays in the account, the more it grows!
When it’s time for you to go to college, the grown-ups can use the money in the Virginia 529 account to pay for things like tuition or books. It’s like magic, right?
So that's basically what a Virginia 529 College Savings Plan is. It's a special account that helps grown-ups save money for you for when you want to go to college so you can learn new things and become the best you you can be!