Educational Savings: Why Experts Recommend Georgia’s Path2College Plans for Parents

As graduation festivities bloom nationwide, students at every educational level, from pre-K to college, commemorate their achievements. Today, May 29, doubles as 529 Day, a significant moment for parents and guardians to begin planning financially for their children's future. Bethany Whetzel, the State of Georgia Treasury Program Director, shared insights with The Atlanta Voice about the advantages of Georgia’s Path2College 529 Plans. These plans, she emphasized, offer families a tax-advantaged method to save for educational expenses. Whetzel revealed that the power of compounding interest amplifies savings, especially when initiated early. Notably, contributions can yield generous state income tax deductions, encouraging investment in loved ones’ futures. Furthermore, funds can cover various educational pathways, including apprentice programs, promoting diverse educational pursuits.