529 News

Recent Plan News

Utah Educational Savings Plan changing name to my529

(January 30, 2018) - Utah's 529 savings program will be rebranding with a a new name to better represent the products and services it provides. Effective February 5, 2018, the plan will be called my529, to alleviate any confusion about where the beneficiary can use the funds. Account owners can withdraw funds tax-free for qualified higher education expenses at schools across the U.S., and up to $10,000 in K-12 tuition expenses can be withdrawn tax-free per beneficiary.

Ohio CollegeAdvantage sees increased rates on 529 CD offerings

(January 11, 2018) - Fifth Third Bank has increased the rates on four different terms of CDs offered by the Ohio CollegeAdvantage 529 plan.

For more information, click here.

South Carolina ABLE plan open for enrollment

(December 20, 2017) - SC ABLE launched on November 16, 2017 and is currently open for enrollment. The plan is a tax-free savings account for South Carolina residents living with disabilities. All contributions are 100% deductible from South Caroline state income tax and you can contribute up to $14,000 in 2017.

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