The State Farm is a financial institution with its headquarters in Bloomington, Illinois. It was established in 1922.
State Farm 529 savings plan deals with saving money without the tax for higher education. Users can use the funds at eligible community colleges, vocational schools, universities, and graduate schools all over the U.S. The savings plan is applicable in a few places abroad as well.
The savings plan can be used to pay tuition fees at private, public, religious elementary, or secondary schools. The investment can be made for any person in the family. The plans are available and eligible for any person with a valid social security number or identification stating they are a taxpayer. The beneficiary must also have proper identification.
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