CollegeInvest Matching Grant Program

• Meet the eligibility requirements.
• You must carefully read the Matching Grant Program Description
• Complete and submit an application along with a copy of your 2011 federal income tax return between September 1 and December 31, 2012. The Application Form will be available on this site beginning September 1st.
• If approved, you will receive written confirmation from CollegeInvest indicating that you are eligible for a Matching Grant for contributions you make during September 1, 2012 – May 31, 2013 (up to $500, subject to the availability of funds).
• Open and/or make contributions to your CollegeInvest savings account from September 1, 2012- May 31, 2013.
• CollegeInvest will open a Matching Grant Account for your child/children and match $1 for $1 of what you contributed up to $500 per account, subject to the availability of funds.
• You can re-apply each year you want to be in the program, for up to five years.

If you meet the requirements listed below, you may qualify for the CollegeInvest Matching Grant Program:

• Both you and the designated child must be Colorado residents and meet Colorado lawful presence laws.
• You must be able to claim the child as a dependent for federal income tax purposes.
• You may establish only one Matching Grant Account per beneficiary.
• Child must be 12 or younger at the time of the initial application .
• You can qualify for a total of five years, even if your child is older than 12.

For example: You first signed child up for the program when she was 10 and now she is 13. She can still receive matching funds, if eligible, since her first application was submitted when she was “12 and younger.”

• You must open and/or make a contribution (s) to your CollegeInvest 529 College Savings Account during the program year for which you are applying.
• Your 2011 family Adjusted Gross Income (AGI), as described in the CollegeInvest Matching Grant Program Description, needs to be at or below the figures in the below chart.
• You must carefully read the Matching Grant Program Description

For example, if you can invest even $25 a month in your child's account for one year, you will have saved $300 for their college education. CollegeInvest will then put in another $300 in matching funds.

And, as long as you continue to meet the program’s requirements and apply each year, you may receive contributions matching yours for up to five years.

Back to our example, by saving $25 a month for five years in the program, you will have invested a total of $3,000 between your personal savings and the CollegeInvest matching funds.

Call us at 1-800-448-2424 or you can email us.