 | Is there an income limit on who can open an account?
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Answer:
No. There is no income limit that controls who is eligible to open an account in either a college savings plan or a prepaid tuition plan. In addition, contributions may be made to a 529 account regardless of your income. By contrast, to contribute to a Coverdell education savings account, your income must be below a certain limit, depending on your filing status.
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