September is College Savings Month
September 5, 2018
September is , when families are encouraged to evaluate their college savings needs and goals and to take advantage of Alaska鈥檚 529 offering, the
The UA College Savings Plan is a tax-advantaged way to save for future education expenses. Benefits include a variety of investment options, several contribution methods and portability. Employees at the University of Alaska have the option to participate through payroll deduction. Please for more information.
Recent improvements to the plan include:
- The , an online tool that makes it easy for friends and family to contribute to a child鈥檚 college savings plan in lieu of gifts for traditional celebrations like graduations, baby showers and birthdays. It allows gift givers to conveniently transfer funds to your account.
- Education Planning Center, a comprehensive planning tool that helps plan participants know if they鈥檙e on track with their savings goals. It provides personalized, age-specific education passports from birth to graduation, and information on financial aid, scholarships and grants.
- 529 accounts . Families can now take 529 college savings plan distributions of up to $10,000 per beneficiary per year for tuition at an elementary or secondary public, private or religious school.
The UA College Savings Plan is designed to make saving for educational expenses easy, and to help families make the most of their savings. Happy College Savings Month!