According to a piece in USA Today, “Few parents are using 529 savings plan for their school-aged children’s tuition more than a year after the Trump administration first allowed the tax-advantaged funds to go to K-12 private education.” The article observes that “In Virginia, which has the largest 529 plan by participation, only a fraction of 1% of the dollars distributed in the previous school year went to private or parochial school tuition.”
“The lack of participation doesn’t necessarily reflect disinterest, administrators say, but rather an unawareness by the American public of the change in regulation.” Indeed. Time to raise awareness!
