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.

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 12^th 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.

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

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

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) $1,000 scholarships available.
Make Your Mark, September, bookmark design contest, eight (8) $1,000 scholarships available.

Kindergarten 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.
Includes a promotional offer.

English

Spanish

Junior high and High school brochure

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

K-12 Outreach landing page.
Utah College Guide (in English).
Utah College Guide (in Spanish).
Facts-At-A-Glance. For school counselors when having conversations with students and parents.
YouTube Channel. For school counselors and college access advisors.

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.