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...expanding access and increasing success in postsecondary education for Arizonans 

Saving for college



Arizona Family College Savings Program (529 Plan)

The Arizona Family College Savings Program is a 529 college savings program sponsored by the State of Arizona designed to help families meet the rising cost of college.

  • Any earnings grow tax-deferred.
  • Federal income and Arizona state tax-free qualified distributions.
  • Professional money management by three experienced and trusted financial institutions - Fidelity Investments, College Savings Bank and Waddell & Reed.
  • Wide range of investment choices including age-based portfolios, static portfolios, individual mutual funds and CDs.
  • High contribution limits.
  • Low minimum investment.
  • No income restrictions.
  • Funds can be used at any accredited college nationwide and eligible international institutions for qualified expenses.
  • Assets are excluded when determining Arizona financial aid awards.
  • Tax incentive for Arizona residents contributing to a 529 plan.

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There are many ways to save for college. Consult with your CPA, lawyer or other advisor before deciding which strategy is best for you:

  • 529 prepaid or savings plans (
  • The American Opportunity tax credit.
  • The Lifetime Learning tax credit.
  • Student Loan Interest Deductions.
  • Qualifying U.S. Savings Bonds.
  • Baccalaureate bonds.
  • Coverdell IRAs (formerly Education IRAs).
  • Visit and read Publication 970 for more information on tax benefits for education.




























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