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Due to legislative uncertainty and rising higher education costs, Virginia529 is voluntarily delaying Prepaid529 enrollment.

The cost of college has risen so high that many families are relying on two generations to help cover expenses. Many grandparents, though, become concerned that their 529 contributions will adversely affect their grandchildren in the federal financial-aid process.

Here’s what you need to know to ensure that your investment directions and distributions are processed in a timely manner, and that your contributions meet the 12/31 deadline to qualify for a 2018 tax deduction.