b10494d0_ion___Smart_Saving_for_College__3
[0] Prepaid Tuition Plan [1] Contributor [2] None [4] With a few exceptions, only tuition and mandatory fees for post-secondary education are covered. [5] Fixed by terms of contract you purchase [6] Earnings grow tax-deferred and are tax-free if used for qualified education expenses. [7] Varies from state to state, but some states provide tax-deduction for contributions, tax-free earnings growth and tax-free withdrawals for qualified education expenses. [8] None [9] Earnings are taxed as ordinary income and may be subject to 10-percent penalty. [3] 
Plan may set age or grade limits.
FINRA - Investor Information - Smart Saving for College
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