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The Benefits

Flexibility, the low cost of entry, unique plans with multiple investment options, varied contribution levels, and the federal and state tax benefits make CollegeInvest one of the best – and easiest – ways to save for college.

When we talk with parents and grandparents about saving for college, flexibility is at the top of their concerns. It’s also the most inherent benefit of 529 savings plans.

If you are a Colorado taxpayer, every dollar you contribute to a CollegeInvest 529 can be deducted from your Colorado state income tax return.

Another exclusive benefit of a 529 savings account is the total control that you have as the account owner.

No, you don’t have to be a millionaire (or related to one) to have a CollegeInvest account. We want accessibility for all parents and grandparents to save for their education goals.

Unlike many other savings options, there are no age or income restrictions to open a CollegeInvest account(s) as long as you are a US citizen (or resident alien) with a Social Security Number or Taxpayer ID Number.

Contributions to your 529 account are considered a completed gift to the Beneficiary for federal gift and estate tax purposes, therefore removed from your estate.