Resources for Educators

my529 – an introduction

A 529 plan is a tax-advantaged educational savings plan designed to encourage saving for a beneficiary’s future qualified education expenses, including K-12 tuition expenses (up to certain limits). 

my529 is a 529 plan established by the State of Utah in 1996. my529 is Utah’s official and only 529 plan. 

Account owners can be anyone who is at least 18 years old and possesses a valid Social Security or Taxpayer Identification Number. You do not have to be a Utah resident to open an account on behalf of a beneficiary.

my529 has been helping families save for college for over 25 years.

Curious to learn more? Check out the rest of my529’s library of videos.

my529 video library

Saving at every step

This chart represents an example of the possibility of growth where $40 a month is contributed beginning when a student is in kindergarten and ending around 12th grade, the year they graduate from high school.

No matter when you start saving, there are many points along the way where regular savings have the potential to make a difference. 

All numbers are my529 estimates. Earnings on a my529 account assume a contribution of $40 per month at account opening and a 5% rate of return compounded annually over 13 years.

Tax advantages of my529

Tax-deferred earnings

Earnings in 529 plans grow tax-deferred. This means all earnings in your account are reinvested, not depleted by taxes.

Tax-free withdrawals

You owe no federal income tax on your investment earnings if you spend your withdrawals on qualified education expenses.

Learn more.

tax advantages

Registered apprenticeships

Technical education and apprenticeships are an increasingly popular choice in postsecondary education.

my529 funds can be used for registered apprenticeships, as well as the fees, books, supplies and equipment required to participate.

Check out details on our apprenticeships page.

Materials

my529 offers several informational brochures to distribute to students, parents or other educators. Click on the brochure image to download or print a PDF. You can also check out my529’s video library for educational videos about my529.

Preschool flyer

  • Distributed by the Utah State Board of Education (USBE) via Local Educational Agencies (LEAs).
  • Includes a promotional offer.
  • my529.org/for-preschool-parents/.

English

Spanish

Backpack flyer

  • Born out of a legislative financial literacy initiative for all kindergarteners to receive info on my529.
  • Broadened distribution to all elementary school students at the beginning of each school year.
  • https://my529.org/backtoschool/.

English

Spanish

Contests and promotions

  • my529 sponsors two scholarship contests annually.
  • Book Your Summer, May 1-July 31, in conjunction with the State Library System, six (6) $2,000 scholarships available.
  • Make Your Mark, September, bookmark design contest, eight (8) $2,000 scholarships available.

College Savings Month

  • College Savings Month info sheet for high school students.

Kindergarten flyer

  • Distributed at the beginning of the calendar year in conjunction with the Utah State Board of Education (USBE) kindergarten registration efforts.
  • Includes a promotional offer.
  • my529.org/for-kindergarten-parents/.

English

Spanish

Junior High and High School brochure

  • Details how regularly saving even small amounts of money for postsecondary education — college, university, trade or technical college or a registered apprenticeship — can make a difference in covering costs.
  • Available in bulk upon request for junior high and high schools.

English

Spanish

College Savings Estimator

  • Free tool to estimate the amount of college savings needed for college costs.

Highway to Higher Education

  • Financial Literacy Month info sheet for high school students.

Utah System of Higher Education (USHE) resources

Keys to Success

The purpose of Keys to Success is to motivate students to unlock their future by connecting them to scholarships, internships, and careers. Available as a mobile app and via desktop, students earn prizes as they prepare for their careers and higher education.

Logo for Keys to Success

Contact us

Contact marketing@my529.org for materials or to schedule us at your event.

Related Topics

who can participate

Who Can Participate?

my529 low fees

my529’s Low Fees

tax advantages

Tax Advantages

qualified expenses

Qualified Expenses

college planning center

College Savings Estimator

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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.