Utah Educational Savings Plan Uesp 529 College Savings

Information may not be reliable

Utah System of Higher Education
Utah Higher Education Assistance Auth.
Utah Educational Savings Plan

Opening and Contributing to Your Account
Using Your Account

"First among equals is Utah, the nation's finest 529."
Clark Howard, Clark's 529 Guide, January 2010
Start Saving Today! It is never too early to start saving for the college education
of your children or grandchildren. Now is an ideal time to start.
The Utah Educational Savings Plan (UESP) is a simple, sound plan to stretch your child's educational dollars and provide some wonderful tax incentives.
Why a 529 plan? A 529 savings plan encourages saving for college. And saving for college means paying for college!
How will you pay for college? Let UESP be your online savings account for college.

Open an Account
Opening a UESP account is fast and easy. It will take approximately 10 minutes. No initial or recurring contribution schedules are required.

Contributions to your UESP account can be made online, by check, by automated withdrawals from your checking or savings account, or through payroll deduction with permitting employers.

With 12 investment options, UESP lets you choose your own degree of risk and potential reward. Choose from five age-based and seven static options.

Earnings grow free from federal and Utah state income taxes if used for qualified higher education expenses.
State Income Tax Advantages
Utah taxpayers/residents receive a five percent tax credit on contributions up to $1,710 per beneficiary, equaling $85.50. If filing jointly, the five percent credit is applied to contributions up to $3,420 per beneficiary, equaling $171. The beneficiary on the UESP 529 account must have been designated as such before age 19 to qualify for the credit.

No minimum investment is required to open or maintain a Utah Educational Savings Plan college savings account.
Aggregate Maximum Savings Balance: $368,000
Annual Administrative Fees
The annual Administrative Maintenance Fee is $3 per $1,000 up to an account balance of $5,000 not to exceed $15 annually. If the account balance at the end of each month is at least $5,000, your account will be charged $1.25 for that month. If the account balance at the end of the month is less than $5,000, the fee will be 0.025% of the account balance for that month. This fee is assessed on an account's balance on the last business day of each month.
If you are a non-Utah resident, you can avoid the Administrative Maintenance Fee by electing to view your quarterly statements online rather than receiving them in the mail. If you are a Utah resident account owner, this fee is waived.
The annual Administrative Asset Fee, ranging from 0.15% to 0.22%, is assessed on a monthly basis at the rate of 0.0125% to 0.0183% (depending on your investment option) on an account's balance on the last business day of each month. This fee is not assessed on Utah residents invested in Option 1-Public Treasurer's Investment Fund.

Utah State Board of Regents and
Utah Higher Education Assistance Authority

In the News
» "Make Your Mark" Art Contest Winners Announced
Congratulations to the winners of the 2010 Make Your Mark bookmark design contest! Thank you to the thousands of Utah students who shared their wonderful designs. The students' creativity and artistic abilities are truly impressive...
» "Make Your Mark" Art Contest with $6,000 in College Savings Certificates
In support of Governor Gary Herbert declaring September as College Savings Month in Utah, the Utah Educational Savings Plan (UESP) will give away six $1,000 UESP college savings certificates...
» FDIC Insurance Increase now Permanent
On July 1, 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, permanently increasing the basic FDIC Insurance coverage to $250,000...
» UESP Reaches $3 Billion in Total Investments
UESP has reached more than $3 billion in assets, showing a growing commitment by families to financially prepare for the future cost of a higher education...

» Current UESP Newsletter
Download the current issue to stay up to date.

Reduced Fees and Customized Allocation Investment Option
UESP Continues to Improve
Lower Fees and Flexibility in Investment Offering Entice College Savers

UESP announces a new FDIC-Insured Investment. Option 11:FDIC-Insured Savings.

UESP gift notice available to download.
Contributing to your child's or grandchild's UESP account may be the best gift you can give.