Local & State Scholarships
Dedique un par de minutos a conocer my529, el plan de ahorro universitario 529 oficial de Utah.
My529 funds help families prepare for future education expenses. They can be used for tuition and fees and may also help cover the costs of qualified education expenses like housing, textbooks, computers, and other supplies required to enroll in or attend an eligible educational institution. They can be used at any institution of higher learning in the United States or abroad that is eligible to receive federal student aid. Advantages:
- Tax Advantages: The earnings in a 529 account grow tax-deferred, and withdrawals are tax-free when applied towards qualified education expenses. Traditional savings accounts do not offer the same potential return that an investment account has, and most other investment vehicles are taxed in some way.
- Compound growth: The earnings on your investment can generate additional returns. As those returns are reinvested, it creates a snowball effect that can help you meet future financial goals.
- A dedicated goal: A 2013 study found that low-to moderate-income students with even $500 set aside for higher education expenses were more than three times more likely to enroll in college and four times more likely to graduate from college than a student with no savings. By creating a dedicated place to save for upcoming qualified education expenses, parents and students are less likely to access the money and use it in other ways.
- Simple to use: With a my529 account, contributions are quick and easy and can even be automated. Withdrawals are just as easy.
No matter how small the contribution, saving regularly with a my529 account can make a big difference toward educational goals. Learn more at my529.org.