Be Significant In The Lives Of Others

According to the US Internal Revenue Service (IRS), a section 529 plan, is a program established and maintained by a state, or an agency or instrumentality of a state, that allows a contributor either to prepay a beneficiary’s qualified higher education expenses at an eligible educational institution or to contribute to an account for paying those expenses.

What Are The Benefits to 529 College Savings Plans

Payoff Student Loans

Payoff Student Loans

Lifetime limit of $10,000 to repay beneficiary’s student loans and additional $10,000 to repay loans held by beneficiary’ siblings

Small Recurring Contributions

Create a nest egg that can reduce need for student loans.
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Tax Deferred Growth

Contributions grow free of federal and state income taxes.

State Tax Deduction

Your state may provide a tax deduction for contributions.

Wide Availability

Plans are availability in nearly every state.

Rights of Custodianship

You can change the qualified beneficiary or make other changes at any time.

Qualified Beneficiaries

You can open an account for nearly any blood relative and others.

Qualified Institutions

Accredited institution(s) eligible to participate in federal student aid programs.

Qualified Expenses

Tuition, fees, books, room & board (if full time) and pre-college education expenses up to limits.

Roth Transferability

If open for 15 years, can roll-over $35,000 subject to contribution limits.

Learn How To Open A 529 College Savings Plan (CSP) Account.


College Savings Plan Network (CSPN), an affiliate of the National Association of State Treasurers