| Before 529easy | Using 529easy |
|---|---|
Parents or Guardians either pay for educational expenses out of pocket and request a withdrawal to cover their expenses or they guess as to how much they need to withdraw from the 529 plan. |
Parents, Guardians and Students pay for educational expenses with a swipe of the 529easy debit card. |
Parents, Guardians and Students had lack of clarity as to what is a qualified expense. |
Each item is deemed qualified educational expenses or non-qualified expenses instantly at the merchant’s point of sale. |
Parents, Guardians and Students must save receipts of expenses. |
With pre-qualified expenses, Parents, Guardians and Students do not have to worry about receipts. |
Distributions were requested through a withdrawal form, verbal request or online request. |
One-time online registration allows Parents or Guardians to choose how to automatically trade the investment portfolio at each point of sale purchase as well as order debit card. |
Payment of distributions must wait until settlement occurs. |
Point of sale purchases occur instantly and our patent-pending technology will settle the account automatically. |