For preschool 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 study1 showed that children with between $1 and $499 in a higher education savings account 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.

how to enroll

Never too early to start

Investing small sums regularly over time can help make higher education more affordable.

This scenario is for a my529 account with a beginning balance of zero dollars and the amount stated contributed on the first day of each month over 18 years, with a 5% rate of return compounded annually.

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.

  1. Open a my529 account between December 1, 2024 and November 31, 2025.
  2. Enter promotional code 2025PREK.
  3. Receive a $20 matching my529 contribution when you contribute at least $20.
  4. 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 College Savings Estimator to help.

Calculate

Check out the video below for more info on 529 plans

Resources for parents

Parenting topics

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.

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.

1Source: Elliott, William. (2014). Assets and Education Initiative. 2013. Building Expectations, Delivering Results:Asset-Based Financial Aid and the Future of Higher Education. Biannual Report on the Assets and Education Field, July.

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Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

my529 does not pay commissions, loads or sales charges to financial advisors nor does it endorse financial advisors.

Information on this website is believed to be accurate when posted and is qualified in its entirety by the Program Description.