Virginia 529 Honors College Savings Day May 29

May 29 is Virginia529 College Savings Day.

According to Virginia529.com, this day is established to raise awareness about the importance of saving for higher education and the many advantages of 529 plans.

The website also advises that college prospects can open a savings account for as little as $25. Every dollar saved is a dollar not necessary to borrow for college.

Virginia529 has a College Savings Planner to help college prospects determine the cost of a higher education.

Other incentives offered by Virginia529 include opening an inVEST account, which is a direct-sold savings IRS-qualified tuition program. Open an inVEST account during the month of May and be entered to win a $10,000 contribution to the account.

For more information, check out Virginia529.com/529_day and Virginia529 on Facebook.