Question

7
which of the following is a characteristic of the college savings plan?
a. there is a limited enrollment period.
b. there is an age limit.
c. it is not available in every state.
d. it is administered only by states.

Explanation:

College savings plans (e.g., 529 plans in the U.S.) typically have no limited enrollment periods (A is wrong) or age limits for contributions (B is wrong). They are available in most states but not every state (C is correct). While many are state-administered, some are managed by private firms, so D is wrong.

Answer:

C. It is not available in every state.