A 529 savings plan can do more than just help you pay for college — and those benefits could come in particularly handy during the coronavirus pandemic. Today is 529 College Savings Plan Day, a day to focus on the advantages of these tax-favored plans. This year, it is being observed just a few months after the crisis upended the lives of many Americans. College students returned home to learn remotely, while the nation socially distanced to try to slow the spread of the virus. And, in the economic fallout of the crisis, many workers — parents and students alike — have lost jobs or had wages reduced, impacting their ability to save and pay for college.