Colorado 529 Plan

Colorado offers three 529 college savings plans.  CollegeInvest Direct Portfolio College Savings Plan is a traditional college savings plan along with the CollegeInvest Stable Value Plus plan, and Scholars Choice College Savings Program is an advisor-sold tuition plan.

CollegeInvest Direct Portfolio College Savings Plan

ScholarShare College Savings Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.

Type: Direct - this Colorado 529 plan can be purchased directly.

Fund Family: The Vanguard Group

Minimums: To get started you can deposit $25.  The minimum subsequent contribution to this Colorado 529 plan is $15.

Maximum Contributions:  Currently, you can contribute up to $280,000 to your Colorado 529 plan.  Of course, your total amount in the plan can be higher as your investments group.  529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits:  Good news for Colorado residents -- every dollar contributed to the plan can be deducted from your taxable income. You also get the same benefit for federal income taxes.  Out-of-state participants still get the federal tax benefits.

Other Benefits: Through your CollegeInvest Direct Portfolio College Savings Plan, you have the option to be a part of a reward program set up by Upromise®. By making purchases with your card, the reward program offers a percentage of purchases that convert into rewards points, and ultimately convert into account contributions. Also, for Colorado residents, a matching grant applies. Eligible account holders can receive a $1 for $1 grant up to $500, for up to 5 consecutive years.

Residency: CollegeInvest Direct Portfolio College Savings Plan is open to all United States residents, not just those in Colorado. 

You can learn more about the this 529 plan at the official web site.

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CollegeInvest Stable Value Plus College Savings Plan

Colorado's CollegeInvest Stable Value Plus 529 is a conservative investment option for saving for college.  It guarantees a minimum 2.0% return (before fees).

Type: Direct - this Colorado 529 plan can be purchased directly.

Fund Family: MetLife

Minimums: To get started you can deposit $25. Subsequent contributions of any amount can be made when it is convenient for you.

Maximum Contributions:  Currently, you can contribute up to $280,000 to your Colorado 529 plan.  Of course, your total amount in the plan can be higher as your investments group.  529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits:  Every dollar contributed to the plan can be deducted from your taxable income. You also get the same benefit for federal income taxes.  Out-of-state participants still get the federal tax benefits.

Other Benefits: For Colorado residents, a matching grant applies. Eligible account holders can receive a $1 for $1 grant up to $500, for up to 5 consecutive years.

Residency: The CollegeInvest Stable Value Plus College Savings Plan is open to all United States residents, not just those in Colorado.

You can learn more about the this 529 plan at the official web site.

Scholars Choice College Savings Program

The Scholars Choice College Savings Program is a traditional 529 plan and may be purchased through a financial advisor.

Type: Advisor.  Please contact a financial advisor in your state for assistance.

Fund Family: Legg Mason

Minimums: Accounts are $250 to open, and the minimum subsequent contribution is $50.

Maximum Contributions:  Currently, you can contribute up to $280,000 to your Scholars Choice College Savings 529.

Tax Benefits:  Every dollar contributed to the plan can be deducted from your taxable income. You also get the same benefit for federal income taxes.  Out-of-state participants still get the federal tax benefits.

Other Benefits: For Colorado residents, a matching grant applies. Eligible account holders can receive a $1 for $1 grant up to $500, for up to 5 consecutive years.

Residency: The Scholars Choice 529 plan is open to all United States residents, not just those in Colorado.

You can learn more about the this 529 plan at the official web site.