You helped to cover some of your children’s college costs. And now, you want to do the same for your grandchildren’s future education. Ohio 529 CollegeAdvantage can help! Since 1989, Ohio 529 have helped families nationwide save for their student’s education after high school.
Ohio 529 would like to introduce you to the smartest way to save tax-free for your grandchildren’s future college and career training.
The 529 Short Course for Grandparents is a free, easy-to-follow playlist of short videos and information was designed specifically to help grandparents like you get up to speed on 529 plans—without getting overwhelmed. It’s flexible and you can explore at your own pace. There are no sign-ups, no deadlines, and no pressure.
The 529 Short Course for Grandparents can answer many of your questions. There are six 29-second videos and three quick reads, all of which answer specific 529 questions and show how saving in an Ohio 529 account will fit with your goals for your grandchildren’s education after high school.
Your savings in Ohio 529 can be used to pay for the grandkids’ qualified higher education expenses at colleges, community colleges, trade and vocational schools, technical schools, certificate or credential programs, graduate schools as well as apprenticeship approved by the U.S. Department of Labor.
And Ohio 529 can be used nationwide at any institution that accepts federal financial aid. So even if your grandchildren don’t live in Ohio, you can still save in Ohio 529 to take advantage of the tax-free earnings, tax-free withdrawals and a deduction off your State of Ohio income taxes and still pay for their education wherever they go nationwide.
Additionally, there is a big bonus for the students when their grandparents save in a 529 account for them. A grandparent-owned 529 account is no longer considered an asset, so it does not have to be included as asset on the Free Application for Federal Student Aid (FAFSA). That’s right, a grandparent-owned 529 account has zero impact on receiving free financial aid.
If you would like to learn more, check out our website at CollegeAdvantage.com or you can call our Customer Service Department at -800-AFFORD-IT (233-6734), where a representative will be able to help you from 8:30 a.m. - 6 p.m. Monday – Friday.
Visit Ohio 529 CollegeAdvantage to start saving today for your grandchild’s future education. An investment in a 529 plan is an investment in your grandchild where every dollar saved today is a dollar that doesn’t have to be borrowed later. Learn, plan, and start with Ohio 529 today at CollegeAdvantage.
