It's never too late to open a 529 for your future college graduate. This article shows you how it's done.
termine which state's 529 plan you want to use. In most cases, you will get a state tax deduction for any 529 plan contributions that you make for a program that is sponsored by your home state. (About two-thirds of all states offer this deduction.) There are currently 118 state-sponsored plans available, and you can view them all at savingforcollege.com. The various plans have been ranked by several different experts and magazines and you should evaluate the actual investment choices that are inside your state's plan. Getting a state tax deduction may not be worth it if your state's plan does not offer good investment performance.