Maximum Aggregate Account Balance Limit Raised for 2017
UESP has raised the maximum aggregate account balance for a single beneficiary to $430,000.
The new 2017 limit is a 2.9 percent increase from $418,000 in 2016. It reflects the most recent estimated maximum qualified higher education expenses of an undergraduate and graduate degree, including room and board.
UESP will accept contributions to all accounts owned for a beneficiary until the limit is reached. A contribution that causes the aggregate balance to surpass $430,000 will be returned to the contributor.
Section 529 of the Internal Revenue Code requires UESP to set a cap on contributions to an account or accounts established for a beneficiary.