For kindergarten parents
Saving at every step
Just as you begin to plan ahead far in advance when saving for your own retirement, you want to plan now to help with your student’s future opportunities.
A study conducted by the National Library of Medicine showed that low- and middle-income students with just $1 in their 529 accounts are three times more likely to enroll in college and four times more likely to graduate than students without accounts.
Even if your student ends up not attending a traditional college or university, the money invested in your my529 account can be used at trade and technical colleges, or even toward an apprenticeship. There are a variety of ways to use your investment.
Never too early to start
Potential earnings from investing in a my529 account starting in kindergarten.
A special offer
Start your student’s education savings off on the right foot from the beginning. Take advantage of a matching $20 my529 contribution when you open a new account.
- Open a my529 account between February 1, 2023-January 31, 2024.
- Enter promotional code 2023KINDER.
- Receive a $20 matching my529 contribution when you contribute at least $20.
- To qualify, the account owner must be a Utah resident. The beneficiary must be new to my529.
*Offer valid while promotional funds are available.
Calculate college costs
You’re on your way to preparing for the cost of your child’s higher education. my529 has teamed up with Invite Education to provide a free financial calculator to help.
Check out the video below for more info on 529 plans
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.
Budgeting lessons for students.
Helping with homework or other teaching activities can be draining, especially when neither party wants to do it. However, these learning moments are a shared experience.
Roadmap for their future
The College Savings Plans Network has created a financial literacy guide to help parents teach their children about finances and saving. The guide has lessons and subject matter aimed at kids from infancy to when they go to college.
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 $1,000 my529 college savings scholarship account. Book Your Summer runs May 1 through July 31. More info.
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 $1,000 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 $1,000 college savings scholarship account for their winning bookmarks. Throughout College Savings Month, my529 encourages Utah families to invest in their children’s education.