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Stable Value Plus College Savings Program
The Colorado Stable Value Plus College Savings Program offers a single option: a stable-value investment under a funding agreement with MetLife that declares a new interest rate each year.
Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories. (Scale 0 to 5; 5 is highest)
Did you know?
Residents are not limited to investing in their own state's plan. Another state may offer a plan that performs better and has lower fees. If there is no tax break offered for in-state investors ... shop around!
Also, the plan chosen does not affect which state the student enrolls in. An investor can live in NY, invest in a plan from NV and send a student to college in FL.
Enroll directly with the program.
CollegeInvest, a division of the Colorado Department of Higher Education
Metropolitan Insurance Company of Connecticut (MetLife)
MetLife Insurance Company
Through December 31, 2017.
U.S. citizens and resident aliens, UGMA/UTMA custodians, and legal entities.
Accepts contributions until all account balances in Colorado's 529 plans for the same beneficiary reach $350,000.
The minimum initial contribution is $25, and the minimum subsequent contribution is $15.
Funds are invested in a stable value investment under a funding agreement with MetLife Insurance Company. The interest rate is declared annually, with a minimum rate of 2% before fees. The 2016 rate of return is 2.54% per year, assuming the the 0.71% administrative fee remains in effect for calendar year 2016. MetLife resets the annual rate of return for the plan each January 1, and CollegeInvest makes the upcoming year's rate of return available the December before the rate is reset.
A funding agreement issued by MetLife Insurance Company.
Not applicable. Program does not utilize mutual funds.
Click here to visit, link to the program website containing interest rate information.
Not applicable. This program does not utilize mutual funds.
Fees & Expenses
0.99% administrative fee to the state (0.28% of this fee waived as of September 1, 2011).
Not applicable, included in the program management fee.
0.99% (0.71% as of September 1, 2011)
Taxes and other Benefits
The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 13 at the time of initial application). Applications are accepted each year between September 1 and December 31. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. The CollegeInvest 529 Scholarship provides a $2,000 scholarship to any full-time student who is a Colorado resident, has maintained or has had a parent/guardian maintain a CollegeInvest account for at least two years, and can substantiate an expected family contribution (EFC) of $25,000 or less. The scholarship is renewable each year up to a total of four years or $8,000. Applications are accepted January 1 through July 31.
Contributions to a Colorado 529 plan, to the extent of the contributor's Colorado taxable income, are deductible in computing Colorado taxable income. Rollover contributions are not eligible for the deduction.
Investment time horizon:
18 yrs (i.e. newborn): 0.20% annualized
10 yrs (i.e. 8-yr old): 0.36% annualized
2 yrs (i.e. 16-yr old): 1.82% annualized
Based on 4.63% CO tax rate. (For assumptions see 529 State Tax Calculator.)
The principal portion of rollovers and nonqualified withdrawals from this plan are included in Colorado taxable income to the extent of prior Colorado tax deductions. Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability or withdrawals made on account of the beneficiary's receipt of a scholarship.
Qualified distributions from Colorado and non-Colorado 529 plans are exempt.
Colorado follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions.
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Under Colorado law, moneys credited to or expended from the Colorado savings trust fund by or on behalf of an account owner, depositor, or designated beneficiary of a savings contract are exempt from all claims of creditors of the account owner, depositor, and designated beneficiary.
Distributions & Terminations
Eligible educational institution, beneficiary, or account owner, as directed by the account owner.
Accepts requests to transfer account ownership.
Documents, Access & Reporting