What is a 529 Plan?
A 529 Plan is more than just a college savings plan. It's an investment account that gives you tax benefits while saving for education.
You can open an account for anyone, including yourself. If plans change, you can change the beneficiary to another family member — or use the money to pay for your own education.
What are 529 qualified expenses?
Grade School (K-12) Tuition
Effective January 1, 2018: You can now use up to $10,000 per year from a 529 Plan to pay for K-12 tuition-related expenses. Eligible schools include public, private or religious grade schools.
Note: Distributions from a 529 Plan for grades K-12 may only be used to pay for tuition and not for other educational expenses. Federal law only permits annual distributions of up to $10,000 per year for each beneficiary.Higher Education Expenses
You can use a 529 Plan to pay for things like tuition, books or a new laptop. Eligible schools include colleges, trade and vocational schools in the U.S. and foreign countries. You can find more information about qualified expenses on the IRS.gov website (Opens new window).
Invest With as Little as
Initial investment and automatic investments of at least $50 a month
Initial investment with no required automatic investments
529 Account Advantages
Tax Advantages
Withdrawals for qualified education costs, like K-12 and college tuition, aren't subject to federal income tax.
Flexibility
You can change the individual account beneficiary to another family member without income limitations or age restrictions.
Financial Aid
529 Plans owned by parents can have less effect on a child's financial aid than other college funding options.
Control
As the account owner, you'll have full control over the account so you can make sure the money is used the way you intended.
Cash Back
Earn money for college every time you make a purchase at a participating retailer with enrollment in UPromise®.
Anyone Can Help
Let the power of social media and friends and family help grow college savings through the Ugift® feature.
Choosing a 529 Investment Option
The USAA 529 Savings Plan offers two investment options designed to meet your 529 needs.
For a closer look at the different investment portfolios, view portfolio options and plan performance.
Easy for Family and Friends to Give
Use Facebook and Twitter to invite family and friends to contribute to your child's education. To get a unique code that you can share, log on to your 529 account and click Ugift. Friends and family can easily (and securely) contribute to your child's education at Ugift529.com. No checks or holiday shopping required.
Important Information
Consider the investment objectives, risks, charges and expenses of the USAA 529 College Savings Plan (Plan) carefully before investing. Download a Plan Description and Participation Agreement (PDF) (Opens New Window) containing this and other information about the Plan from Victory Capital Advisers, Inc., Underwriter and Distributor. Read it carefully before investing. You should compare this Plan with any 529 Plan offered by your home state or your beneficiary's home state and consider, before investing, any state tax or other state benefits such as financial aid, scholarship funds and protection from creditors that are only available for investments in the home state's plan.
There is a $10 annual fee that may be waived once you invest at least $50 per month through automatic investments or reach an account balance of $1,000. Additionally, there is a fee up to 0.12% paid to the State of Nevada Board for sponsoring the plan.
Victory Capital's acquisition of USAA Asset Management Company. Learn More About the Acquisition.
Do It For Me
Age Based Option
Choose a portfolio ranging from conservative to very aggressive based on your tolerance for risk.
