Future Scholar 529 College Savings Plan (Direct-Sold)

The Future Scholar 529 College Savings Plan Direct-Sold is a 529 plan available in South Carolina that offers families a direct and accessible way to save for higher education expenses. One unique aspect of this plan is its direct-sold structure, allowing individuals to open and manage their accounts directly without the need for a financial advisor. The plan provides a variety of investment options, including age-based portfolios and individual fund options, giving account holders the flexibility to customize their investment strategy. It offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. Additionally, South Carolina residents may be eligible for a state income tax deduction for contributions made to the plan, further enhancing the savings potential. The Future Scholar 529 College Savings Plan Direct-Sold aims to help families efficiently save for their educational goals.