GAO: Wealthy families are more likely to use 529 plans

01/2/2013 | ABC News

Wealthy families benefit the most from 529 college-savings plans, according to a report from the Government Accountability Office. Less than 3% of households with children in college use the plans, and the GAO found that most of those who do use 529 plans are wealthy. About half bought the plan from a financial adviser.

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