Question

a 529 plan:

a. provides opportunities to receive college credit while in high school.

b. offers scholarship opportunities to low - income students.

c. provides savings for future college costs.

d. is a federally funded bank account.

Explanation:

• Option A: Programs like AP or dual - enrollment provide college credit in high school, not 529 plans.
• Option B: 529 plans are for saving for college, not for offering scholarships to low - income students.
• Option C: A 529 plan is a tax - advantaged savings plan designed specifically to help families save money for future college costs.
• Option D: 529 plans are not federally funded bank accounts; they are state - sponsored (in most cases) savings plans.

Answer:

C. provides savings for future college costs.