Missouri 529 Plans at a Glance:

Missouri 529 Plans are an option to help families save for higher education as well as k-12 tuition and educational expenses.

Benefits:

• Contributions are pre-tax, so tax liability is reduced

• Investments grow tax free provided the money withdrawn is used for educational expenses

• Students can be the beneficiary of multiple accounts held by family members or family friends

• k-12 tuition is an allowable expense, so New Hope Christian School Tuition could be paid with 529 Account money

• Families can change the beneficiary if one student doesn’t use all the account’s funds

• Contributions can be set up as recurring bank transactions or even payroll deductions