Nevada 529 Plans

Nevada offers four 529 college savings plan, three direct plans and one pre-paid called The Vanguard 529 College Savings Plan, Upromise College Fund 529 Plan, USAA College Savings Plan, and Nevada Prepaid Tuition Plan respectively.

The Vanguard 529 College Savings Plan

The Vanguard 529 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 Nevada 529 plan can be purchased directly.

Fund Family: The Vanguard Group®

Minimums:  To get started you can deposit $3,000 unless you choose the payroll deduction method. With this option, you can open an account with as little as $50. Minimum subsequent contributions are $50.

Maximum Contributions:  Currently, you can contribute up to $310,000 to your Nevada 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:  There is no state income tax in Nevada; however, in and out-of-state participants get the federal tax benefits.

Residency:  The Vanguard 529 College Savings Plan is open to all United States residents, not just those in Nevada.

You can learn more about this Nevada 529 plan at the official website https://personal.vanguard.com/us/planningeducation/college.

Upromise College Fund 529 Plan

Upromise College Fund 529 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 Nevada 529 plan can be purchased directly through the state.

Fund Family:  The Vanguard Group®

Minimums:  To get started you can deposit $250, or if you choose to use the automatic monthly plan, you can open an account with only $50. Minimum subsequent contributions are $50, $15 with payroll deduction, and $25 by transferring from the Upromise® rewards service.

Maximum Contributions:  Currently, you can contribute up to $310,000 to your Nevada 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: There is no state income tax in Nevada; however, in and out-of-state participants get the federal tax benefits.

Other Benefits: Through your Upromise College Fund 529 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.

Residency: Upromise College Fund 529 Plan is open to all United States residents, not just those in Nevada.

You can learn more about this Nevada 529 plan at the official website http://www.upromisecollegefund.com/.

USAA College Savings Plan

USAA 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 Nevada 529 plan can be purchased directly through the state.

Fund Family: USAA Investment Management Corporation

Minimums:  To get started you can deposit $250 or you can choose to use the automatic monthly plan. With this option, you can open an account with $50. Minimum subsequent contributions are $50.

Maximum Contributions:  The maximum contribution to your Nevada 529 accounts per beneficiary is $310,000.  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: There is no state income tax in Nevada; however, in and out-of-state participants get the federal tax benefits.

Other Benefits: Through your USAA 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.

Residency: USAA College Savings Plan is open to all United States residents, not just those in Nevada.

You can learn more about this Nevada 529 plan at the official website https://www.usaa.com/inet/ent_utils/McStaticPages?key=investments_college_savings_529plan.

Nevada Prepaid Tuition Plan

Nevada also offers a pre-paid tuition plan that lets you lock in today's rates for college.   It can be used at any qualified institution of higher education, public or private, anywhere in the country.  However, private and out-of-state college expenses will be prorated and may not be fully covered.

For more information about Nevada Prepaid Tuition Plan visit the official website https://nevadatreasurer.gov/index.html.