Education Saving
A 529 Plan is a tax advantaged savings plan designed specifically for saving for future college expenses and they aren't just for typical 4-year schools. They are also good for eligible community colleges, qualifying vocational schools, trade schools, and apprenticeship programs, and k-12 tuition.1
Flexibility, Ease and Control
529 plans have a long list of benefits.
Easy to setup
Start an account with a low initial contribution and then automatically invest whatever your budget can afford to harness the power of tax-deferred growth.2
Complete control
As the owner, you have full control over the savings and you get to choose the student that gets the assistance, what the savings are used on and how the account is invested.
Costs covered
A 529 plan will cover qualified expenses like fees, books, supplies, equipment, some room and board costs and some computer expenses in addition to tuition.3
Tax Advantages you won't get in a bank savings account or a regular investment.
A 529 plan has the powerful benefit of tax-deferred growth. This means your savings grow without paying an annual tax on any gain and your account has the potential to grow faster than a bank savings account. A wide range of investment options can accelerate your college savings and some states also extend additional deductions or credits. You can also withdraw your money tax free if used for qualified education expenses.4
- The potential for better growth than a bank savings account
- Simple investment choices
- The benefits of automatic investing
Your account offers powerful tools that can boost your savings.5
Ugift®
Friends and family can easily give a gift for a birthday, at the holidays, or anytime they want with the Ugift tool.
Upromise®
Earn free cash back rewards on everyday purchases that can automatically transfer into your 529 plan.6
Check your account value, add money to your plan, track your goals and more on the READYSAVETM 529 app.
4.8
Apple App Store
4.7
Google Play Store
How do I start?
Our plans are offered in these states.
Choose yours to see what tax benefits may be available to you.
1The availability of tax or other benefits may be contingent on meeting certain requirements.
2A plan of regular investment cannot assure a profit or protect against a loss in a declining market.
3Only tuition and fees for qualified k-12 schools up to $10,000 per year are eligible expenses.
4Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes.
5Available for most 529 plans serviced by Ascensus
6Upromise is an optional program offered by Upromise, LLC, and is not affiliated with Ascensus. Terms and conditions apply to the Upromise program. Transfers from Upromise to a 529 Plan account are subject to a minimum amount.
