Learning Quest 529 Education Savings Program (Direct-sold)


American Century manages the Learning Quest 529 Education Savings Program (Direct-sold) for Kansas, featuring three age-based tracks with a mix of American Century, Vanguard and Baird funds, one age-based track with Vanguard index funds, and 12 static options. Accounts can be linked to the Upromise rewards service.

5-Cap Rating


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)

Performance Costs Features Reliability Resident Upgrade
3.52 3.92 3.93 4.20 0.20

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Program type:


How to enroll:

Enroll directly with the program. Enroll Now

Initial year of operation:


State agency(ies):

Kansas State Treasurer

Program manager:

American Century Investment Management, Inc.

Program distributor:

American Century Investment Services, Inc.

Manager contract term:

Through June 30, 2018.


State residency requirements:


Who can be a participant/owner in the program?

U.S. citizens and resident aliens, UGMA/UTMA custodians, and legal entities. Joint ownership is permitted.

Significant time or age restrictions imposed by the program:



Maximum contributions:

Accepts contributions until all account balances in Kansas' 529 plans for the same beneficiary reach $365,000.

Minimum contributions:

An account may be opened with a lump-sum contribution or monthly automatic investment minimum of $25.

Investment Options

Age-based investment options:

The age-based portfolios (non-index) are offered in 3 different risk levels: Aggressive, Moderate, and Conservative. Contributions are placed into the portfolio corresponding to the selected risk level and the beneficiary's age. Over time, accounts move between one or more of the 6 portfolios that make up these tracks, eventually ending in the Short-Term portfolio. The program also offers an index age-based track that invests primarily in Vanguard index funds. Accounts will move through one or more of 3 age-based portfolios and eventually end in the Short-Term portfolio.

Static investment options:

Select among 12 options: the 100% Equity Portfolio invested in both American Century and Vanguard mutual funds, the Money Market portfolio invested in American Century funds, the 6 multi-fund portfolios used in the non-index age-based tracks, and 4 index-fund based portfolios.

Underlying investments:

American Century, Vanguard and Baird mutual funds.

Underlying fund allocations:

Click here, you need Microsoft Excel to open this document.

Investment performance link:

Click here to visit, link to the program website containing most current performance data.

Portfolio Fees & Performance Lookup

Click here to visit, pricing and performance details for each portfolio. Data can be plugged into FINRA's 529 Expense Analyzer.

Fees & Expenses

Enrollment or application fee:


Account maintenance fee:


Program management fees:

0.20% manager fee (waived for the Money Market portfolio)

Expenses of the underlying investments:

Ranges from 0.21% to 0.68% in the age-based portfolios and 0.03% to 0.72% in the static portfolios (portfolio weighted averages). For the three portfolios used in the index age-based track, an all-in fee of 0.38% includes the 0.20% program manager fee.

Total asset-based expense ratio:

0.15% - 0.92%

Taxes and other Benefits

Program match on contributions:

The state will match on a dollar-for-dollar basis contributions above $100 and up to $600 per year by Kansas residents with household incomes below 200% of the federal poverty income level. The program is limited to 300 participants from each of Kansas' four Congressional districts per year. Applications and contributions must be received by December 31 each year.

State tax deduction or credit for contributions:

Contributions to Kansas AND non-Kansas state-sponsored 529 plans of up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly, are deductible in computing Kansas taxable income. Rollover contributions are not deductible. Contribution deadline is December 31.

Value of in-state tax benefits:

At the maximum Kansas tax rate of 4.8% the tax deduction is worth as much as $288 in Kansas tax savings. Because Kansas has made the deduction available to contributions to any state-sponsored plan, this value does not have to be factored in when comparing plans.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Kansas taxable income to the extent of prior Kansas tax deductions. Rollovers are not subject to recapture.

State tax treatment of qualified distributions:

Qualified distributions from Kansas and non-Kansas 529 plans are exempt.

State tax treatment of rollovers:

Kansas follows federal tax-free treatment.

Does the sponsoring state exclude the value of an account for state financial aid purposes?


Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?


Does the program have a formal agreement with a rewards program or outside scholarship program?

Yes, with Upromise. The Upromise rewards service is free and offers cash back for college. Plus, members can earn up to an additional 5% cash back with the Upromise MasterCard®.

Statutory protection of an account from creditors:

Under Kansas law, an account in a Kansas 529 plan owned by a Kansas resident for a beneficiary who is a lineal descendant is exempt from creditor claims; protection is limited to $5,000 for amounts contributed between one and two years prior to the date of filing of a bankruptcy petition or execution of judgement for such claims against the account owner, and does not apply at all to amounts contributed within one year of the date of filing/execution.

Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?


Can the complete enrollment process including funding be done online?


Documents and other services accessible or downloadable on the program's public Web site:

Handbook and Participation Agreement


Web site:

visit Enroll Now







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