Kansas 529 Plan Basics

A 529 plan is a savings plan that encourages education savings for qualified higher education expenses: college, vocational or other post-secondary learning. 529 plan funds can also be used for K-12 qualified expenses (up to the applicable limit).

Unlike a traditional savings account or bank account, your money grows tax-deferred in a 529 account and qualified distributions are federal tax and state tax free.

Different states have different state plans with different investment options and different tax benefits. They will also have different minimum contribution (and subsequent contribution) requirements and plan fees. You are not required to open a 529 plan in your home state. Kansas residents can open a 529 plan in any state that accepts out-of-state enrollments.

Kansas has two state plans: Quest529 Education Savings Plan and the Schwab 529 Education Savings Plan.

Either of these 529 plans can be linked to the Upromise rewards service. Earn an extra $25 bonus when you connect a 529 account to your Upromise profile.

To learn more about setting up a Quest529 plan, visit quest529.com. To find more information about the Kansas Schwab 529 plan, visit schwab.com/529-plan.

Start saving towards a Kansas 529 plan

Sign up for Upromise and start earning cash back rewards to help save for college. Earn an extra $25 bonus when you connect a 529 account to your profile.



Check out these College Savings: 529 Plan Basics by State

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