Which statement best captures key considerations when funding higher education via a 529 plan?

Which statement best captures key considerations when funding higher education via a 529 plan?

• A. Ownership must be fixed by the donor with no flexibility.
• B. Ownership and control, tax treatment of earnings, flexibility for changes in beneficiary, and impact on financial aid.
• C. They guarantee tax-free earnings in all states.
• D. They have no state tax benefits.

Answer: (B)