Edvest College Savings Plan

The Buzz

News & Press Releases

FEATURED News Story

Edvest shines spotlight on college savings

May 09, 2019

This May Edvest joins with 529 plans across the country to celebrate National 529 Day, a day created to raise awareness of the importance of saving for college and celebrate the many ways that families can prepare for the rising cost of higher education. Named for Section 529 of the Internal Revenue Code, “qualified tuition program” 529 plans were designed to make it easier for families to save for college.

As families plan for college, here are some important facts to consider:

  • $393. The average monthly student loan payment. (“A Look at the Shocking Student Loan Debt Statistics for 2019”, studentloanhero.com). Graduates who spend a significant amount of their monthly budget to repay student loans often must delay things such as starting a business, purchasing a new car, saving for a down payment on a home, etc. Saving early and making regular contributions can often improve your child’s quality of life post-graduation.
  • Saving with Edvest pays off even before college starts. Wisconsin families that save with Edvest can potentially deduct up to $3,280 per beneficiary per year ($1,640 for single filers) on their state taxes. Limitations apply.* Families with more than one account may be eligible for a state tax deduction of up to $6,560 for two children, $9,840 for three children, and so on.
  • Everyone can help! Most parents can’t cover 100 percent of their child’s college education, which is why Edvest makes it easy for others to help contribute to an open account – making supporting a child’s future educational goals a win-win for everyone. In addition to helping an account grow faster, in certain cases, the contributor may also be eligible for state tax benefits or to incorporate the gift into their overall estate and legacy planning. Even Wisconsin employers can contribute to employee Edvest and potentially receive a state tax credit.

This 529 Day celebrate by opening an Edvest account for the future college graduate in your life. Edvest funds can be used for tuition and other qualified expenses, such as room and board, books, computers, tablets and much more at universities, colleges and technical colleges across the country. When it’s time to pay for college, you can withdraw money from Edvest tax free when used for qualified expenses.

*To learn more about the Wisconsin College Savings Plan, its investment objectives, tax benefits, risks and costs, please see the Disclosure Booklet at Edvest.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the funds aren't used for qualified education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan. Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributor and underwriter for the Wisconsin College Savings Plan. Neither TIAA-CREF Tuition Financing, Inc., nor its affiliates, are responsible for the content found on any external website links contained herein. 837209


The Latest
May
09
This May Edvest joins with 529 plans across the country to celebrate National 529 Day, a day created to raise awareness of the importance of saving for college and...Read More
Apr
19
Happy Earth Day 2019 from Edvest! Did you know Wisconsin has a special connection to this worldwide event? Gaylord Nelson, former U.S. Senator and Wisconsin Governor,...Read More
Mar
19
Edvest welcomes your questions — here’s how to reach the Plan this tax season: ...Read More
Feb
07
Edvest, Wisconsin’s official 529 savings plan is now available as an employee benefit. If you’re a Wisconsin employer consider offering Edvest as pa...Read More
Jan
17
If recent market volatility has you second-guessing investments in your college savings plan account, that’s a normal reaction. What’s important is...Read More
Jan
02
For the 2019 tax year, any Edvest contributions may be deducted from Wisconsin taxable income up to a maximum of $3,280 per year, per beneficiary for each tax year...Read More
Nov
27
For shoppers looking for a gift that outlives the latest fad, Edvest makes it easy to give the gift of higher education this holiday season. From gift cards, to...Read More
Oct
23
Edvest has been ranked the number one plan for 2018 in a recent rating of the best direct-sold 529 plans by Reviews.com*. The organization looked at 38 plans and...Read More
Sep
04
Savingforcollege.com has named Edvest, Wisconsin’s 529 College Savings Plan as a Top Ten 529 Plan for one-year , three-year and five-year performance as of June...Read More
May
29
Hassle-Free Way for Businesses to Help Employees Save for College Edvest, is excited to celebrate National 529 Day – a day dedicated to raising awareness about...Read More
Feb
12
But there’s still time to impact your 2017 Wisconsin taxes! Act by April 17, 2018. Between everyday expenses and personal spending, it can be difficult to decide...Read More
Jan
04
Edvest and Tomorrow’s Scholar continue to play an important role in helping families save for higher education. The Wisconsin College Savings Program reached...Read More
Nov
28
Artfully wrapped presents not your forte? Don’t have time to wait in the cold to grab the best deals? Looking to give a gift that outlives the latest fad? Edvest...Read More
Oct
27
Edvest is a solid choice for Wisconsin families interested in saving money for college. That’s according to recent rankings by Morningstar, Inc.™1 Low costs...Read More
Sep
20
Edvest, Wisconsin’s 529 College Saving Plan, is excited to celebrate 20 years of helping families save for the cost of higher education. Founded in 1997, Edvest...Read More
Sep
15
In honor of the 20th anniversary of Wisconsin’s 529 College Savings Program, Governor Scott Walker has proclaimed September 2017 as 529 College Savings Program...Read More