From their first steps to their first day at college or in career training, you’ve got your grandchildren covered with Ohio 529, CollegeAdvantage. The sooner you start saving for their education, the better you’ll feel when the future arrives. And you can secure it for as little as $25!
This holiday season, consider giving your grandchildren a gift that will last a lifetime – an Ohio 529 contribution for their future college and career training.
With Ohio 529, you can also save here for grandkids who live anywhere. Ohio’s top-rated 529 Plan can be used at over 30,000 schools nationwide including at four-year universities, community colleges, trade or vocational schools, certificate programs, apprenticeships, and graduate schools.
And your Ohio 529 account can pay for your grandchildren’s tuition, room & board, books, computers, required fees, K-12 tuition, student loan payments, and more at any higher education institution nationwide that accepts federal financial aid.
And speaking of financial aid, a grandparent-owned 529 accounts are no longer included in figuring out financial aid on FAFSA.
With Ohio 529, 100% of earnings in the account are tax-free, and 100% of withdrawals are tax-free when used for qualified higher education expenses. Ohio residents can also claim an up-to $4,000 state income tax deduction for contributing to an Ohio 529 account .
According to a new study released by Fidelity Investments, 74% of parents would rather get money for their children’s college than any other gift.
Your contributions for 2024 must be received in good order before 4 p.m. EST Thursday, Dec. 31.
To learn more about gifting options with Ohio’s 529 Plan and order holiday and special occasion greeting cards, visit 529 Gift Central.
Since 1989, Ohio 529, CollegeAdvantage, has been helping families across the nation save for their children’s education after high school. Ohio 529 covers qualified costs at any four-year college or university, two-year community college, trade or vocational school, apprenticeship approved by the U.S. Labor Department, or certificate program nationwide that accepts federal financial aid. Start, add, or give a gift with as little as $25 at CollegeAdvantage.com.
We hope you and your loved ones’ holidays are merry and bright!
