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FC Penny is a leader in student lending and together with your investment options, we’ll help you develop a customized education savings plan.
Our custodial accounts allow you to set aside money for a minor, which he or she can use for future expenses, including college. Funds will be managed by a custodian until the child reaches age 18 or 21, depending on the type of custodial account opened.
One of the most popular ways to save for college expenses, a 529 plan allows you to set aside regular contributions for your children’s education and withdraw funds federally tax-free* for qualified education purposes. This plan is ideal if your child will start college more than five years from now.
One should consider the investment objectives, risks, charges and expenses carefully before investing in municipal fund securities. More information about municipal fund securities is available in the issuer's official statement. The official statement should be read carefully before investing.