: From their first steps to their first day of education after high school, 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 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 or credential 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 expenses*, 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 study released by Fidelity Investments, 74% of parents would prefer contributions to their children’s 529 college savings account than any other gift.
If you are giving to your grandchildren’s Ohio 529 account through Ugift, your contributions must be received in good order before 4 p.m. EST Friday, Dec. 19, to be included in your 2025 State Of Ohio income tax deduction.
Otherwise, if you are giving to your grandchildren’s Ohio 529 account that either you or the parents own, your contributions for 2025 must be received in good order before 4 p.m. EST Wednesday, 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.
If you have questions about giving this holiday season, please reach out to our quick, friendly, and professional Customer Service Department at 1-800-AFFORD-IT (233-6734). Our customer service representatives are available to assist you from 8:30 a.m. - 6 p.m. EST Monday through Friday. You may also send your non-account specific questions to CustomerService@CollegeAdvantage.com.
Since 1989, Ohio 529 CollegeAdvantage has been helping families across the nation save for their grandchildren and 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, and certificate or credential 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!
* The tax-free K-12 expense withdrawal amount will increase to $20,000 effective Jan. 1, 2026.
This article was originally posted in November 2020 and has been updated to reflect current information for 2025.
