Direct Contributions to 529 Savings Plans

Making a direct contribution to a CollegeInvest savings account

That’s right! Anyone can make a contribution directly into a CollegeInvest college savings plan if you have the right information and the contribution is in an accepted form by the plan.

Pretty cool! Grandma and Grandpa can make a direct contribution. Aunts and uncles, best friends, even employers through specific employer programs and payroll deductions.

Account owners just need to provide some information to the contributor.

Here’s how you can contribute to an account:

Direct Portfolio       

• Anyone can make a direct contribution to the Direct Portfolio 529 account
• Minimum amount of $15
• Contributions can be made by check (no third party checks)
• The Contributor must include the account number with their contribution
• Checks should be made payable to: CollegeInvest Direct Portfolio College Savings Plan
• Checks can be sent directly to:

CollegeInvest Direct Portfolio College Savings Plan
PO Box 55355
Boston, MA  02205-5355

» Direct Portfolio Direct Contribution Information

Scholars Choice      

• Anyone can make a direct contribution to the Scholars Choice 529 Fund
• Minimum amount of $50
• Contributions can be made by cash or check, and by phone or online
• The Contributor must include the account number with their contribution
• Checks should be made payable to: Scholars Choice
• Note, the account owner may be subject to specific fees for contributions made directly by others   

» Scholars Choice Direct Contribution Information

Smart Choice

• Anyone can make a contribution to the Smart Choice 529 Account
• No minimum amount
• Contributions can be made by cash, check (no third party checks), bank transfer, electronic funds transfer (EFT) , or by online account transfer by another FirstBank customer
• Contributions can be made in person at any FirstBank location, by mail, or by wire transfer

» Smart Choice Direct Contribution Information 

Stable Value Plus   

• Anyone can make a direct contribution to the Stable Value Plus 529 Program
• Minimum amount of $25
• The Contributor must include the account number with their contribution
• Checks should be made payable to: Stable Value Plus
• Checks can be sent directly to:

CollegeInvest Stable Value Plus
1560 Broadway, Suite 1700
Denver, CO  80202

» Stable Value Plus Direct Contribution Information                 

A word of caution – account owners should not reveal or release specific account numbers or any other private information to someone they don’t trust in earnest, to avoid any chance of complications or unintended activity.

Important Considerations

To learn about CollegeInvest’s 529 program, its objectives, risks, charges, expenses, limitations, restrictions and qualifications regarding the Plans’ benefits and potential tax advantages, please read and consider carefully the Program Disclosure Statements (PDS) available at www.collegeinvest.org before investing. Also, check with your or your beneficiary’s home state to learn if it offers tax or other benefits for investing in its own plan. Administered and issued by CollegeInvest.

Investments are not guaranteed by CollegeInvest, the State of Colorado, its agencies, The Vanguard Group, Inc., Upromise Investments, Inc., Legg Mason Global Asset Allocation, LLC, or FirstBank, and may lose value, including principal amount invested. The guarantee of Stable Value Plus College Savings Plans is the obligation of MetLife and only to the extent of the Funding Agreement. Smart Choice College Savings Plans are not insured by CollegeInvest, the State of Colorado, or its agencies. However, these funds are FDIC-insured in accordance with the current FDIC coverage limits.

CollegeInvest is the issuer of plan securities and is the trustee of the plans in accordance with Colorado law. CollegeInvest also oversees the Managers' activities and provides certain administrative services, such as marketing, audit, and financial statements, in connection with the plans.

Upromise Investments, Inc. serves as Plan Manager for the CollegeInvest Direct Portfolio College Savings Plan and has overall responsibility for the day-to-day operations, including effecting transactions. The Vanguard Group, Inc. also serves as Plan Manager and Investment Manager for the CollegeInvest Direct Portfolio College Savings Plan, and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists CollegeInvest with marketing and distributing the Direct Portfolio Plan. The Direct Portfolio Plan’s portfolios, although they invest in Vanguard mutual funds , are not mutual funds and you could lose money by investing in the plan.

Legg Mason Global Asset Allocation, LLC, Investment Manager for the CollegeInvest Scholars Choice College Savings Program. Legg Mason Investor Services, LLC is the primary distributor of interest in the Program; together they serve as Manager of the Program.

FirstBank serves as the Plan Manager for the CollegeInvest Smart Choice College Savings Plan and has overall responsibility for the day-to-day operations, including effecting transactions.  FirstBank also assists CollegeInvest with marketing and distributing the CollegeInvest Smart Choice College Savings Plan.  FirstBank - Member FDIC.

The MetLife Insurance Company serves as the Investment Manager for the CollegeInvest Stable Value Plus College Savings Plan. CollegeInvest has overall responsibility for the day-to-day operations, including effecting transactions.

CollegeInvest, the CollegeInvest logo are registered trademarks of CollegeInvest. CollegeInvest Direct Portfolio College Savings Plan, Scholars Choice, CollegeInvest Smart Choice College Savings Plan, and CollegeInvest Stable Value Plus College Savings Plan are registered service marks of CollegeInvest. Vanguard is a trademark of The Vanguard Group, Inc. Upromise is a registered service mark of Upromise, Inc.