
Not your Grandparents’ 529
On August 24th, 2022, President Biden announced his Student Loan Forgiveness Plan which has been long awaited by many strapped with thousands in student loan debt. Applications for borrowers to fill out are now live, and as of November 3rd, twenty-six million have applied.¹ There are still legal hurdles that need to be cleared for the forgiveness to actually take place. But, with all of the news on student loans, this is a great opportunity to discuss utilizing a 529 plan to help pay off that remaining balance.