Invest in education today for a rewarding tomorrow
Because education mattersSM
my529, Utah’s educational savings plan, can help you prepare now for your child’s educational future. It’s never too early to start — and you can save what you want, when you want.
According to a study published by the Brookings Institute, “higher educational attainment is associated with higher earnings, longer productive lives, better physical and mental health, resilience and adaptability, and personal development and fulfillment.”
Keep scrolling for more information about how my529 can help you save for your child’s future.
Ready to enroll now? Click here for a promotional code to get you started on your savings journey.
What is a my529 plan?
College Savings Estimator
You’re on your way to preparing for the cost of your child’s higher education!
To help, my529 has teamed up with Invite Education to provide a free financial calculator.
Why open a my529 account?
529 plans are designed to encourage saving for future education costs. They are sponsored by states, state agencies, and educational institutions, and are authorized by Section 529 of the Internal Revenue Code.
my529, Utah’s official nonprofit 529 educational savings plan, is rated by Morningstar Inc. as one of only five plans nationwide to earn the Analyst Rating™ of Gold. The 2025 award marks the 15th consecutive year my529 has earned the investment research firm’s top rating.
You’re in control
- Direct-sold — you can open a my529 account on your own.
- Account owners control their accounts — not the beneficiary.
Tax advantages
- Earnings in a my529 account grow tax-deferred.
- Withdrawals are tax-free if used on qualified education expenses.
- Utah state tax credit for Utah taxpayers.
A special promotion for parents
If you are a Utah resident and open a new my529 account for a beneficiary new to my529 between August 1, 2026, and November 2, 2026, and contribute at least $20 at opening, we’ll add a $20 contribution. Just use the promo code 2026BTS when prompted at opening.
How to get the match
- Open a my529 account between August 1, 2026, and November 2, 2026.
- Enter promotional code 2026BTS.
- Contribute at least $20.
- my529 will deposit $20 into your new account.
To qualify, the account owner must be a Utah resident and the beneficiary must be new to my529.
How and where to use my529 funds
my529 funds can be used for qualified education expenses such as tuition and required fees, books, equipment, computers, internet access, and room and board for students attending at least half time. Additionally, funds can be spent on registered apprenticeships, payments on qualified education loans, K-12 expenses, and qualified postsecondary credentialing expenses.
When it’s time for postsecondary education, the use of my529 funds is not limited to Utah schools. Beneficiaries can attend any eligible educational institution — college, university, trade school, technical college, and graduate school — in the United States or abroad that is qualified to participate in federal student aid programs.
If you are signing up for an account online, enter your promotional code on step four of the account opening process, where you review your information.
Resources for parents
Spend some time with your kids, teaching them about financial literacy or exploring different career paths. Here are some hints to get the conversation started.
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A roadmap for their future
The College Savings Plans Network has created a guide to help parents and children prepare for school, higher education and life after they leave home. The guide has age-appropriate lessons and tips for toddlers through teens. “Our focuses are career guidance, college preparation, basic financial literacy, and how you can lead your child in each…
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Making the grade for financial literacy
Activities for different ages help teach responsibility with money Learning about money at an early age sets children on a path for future financial wellness. A 2018 study by the Financial Industry Regulatory Authority (FINRA) found that financial literacy in America is declining. Financial Literacy Month in April is a great opportunity to help your…
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Get in the saving habit
America Saves Week encourages tips to practice at any age America Saves Week is April 8-12 and celebrates daily themes of saving automatically, for the unexpected, for major milestones, paying down debt, and saving at any age. my529 aims to help you teach saving habits to the young people in your life and focus on…
Never too young to earn a scholarship
Book Your Summer
The Book Your Summer reading award is a partnership between my529 and the Utah State Library to champion summer reading while promoting college savings. Parents can enroll their children in their local library’s summer reading program for a chance at a $2,000 my529 college savings scholarship account. Book Your Summer runs May 1 through July 31. More info. No purchase necessary to enter or win.
Make Your Mark
During September’s National College Savings Month, my529 and the Utah System of Higher Education sponsor the Make Your Mark bookmark contest. Make Your Mark offers students a chance to win a $2,000 my529 college savings scholarship account through an art contest. Students in kindergarten through 12th grade can enter an original bookmark design within their appropriate grade category (K-3, 4-6, 7-8, 9-12). Eight Utah students will each receive a $2,000 college savings scholarship account for their winning bookmarks. Throughout College Savings Month, my529 encourages Utah families to invest in their children’s education. No purchase necessary to enter or win.
