You must be a U.S. resident to be eligible to open a college savings plan.
There are no income limits for college savings plans, and you can use the plan to help fund a college education for children, grandchildren or any loved one.
TIAA-CREF runs several state-sponsored 529 College Savings Plans as well as the Independent 529 Plan, which is a prepaid plan sponsored by over 250 private colleges and universities nationwide. There are no state residency requirements regardless of the plan you select. However, some states offer state tax incentives if you use their state-sponsored plan.
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