Where do I begin?
Children are wonderful, and they're expensive! With so many new items you need, it can be hard to start an education savings as well. But starting small now can make a big difference later.
Children are wonderful, and they're expensive! With so many new items you need, it can be hard to start an education savings as well. But starting small now can make a big difference later.
Saving for education is like planning a big trip — getting to your destination takes a good plan. A 529 savings plan is a popular way to save for college.
A CollegeAmerica 529 savings plan makes it easy.
You can use funds from a 529 savings plan for more than college tuition, including housing, books and computer equipment.
The earnings on your 529 savings plan investments are exempt from federal taxes, and in many cases, free of state taxes. Tax-advantaged treatment applies to savings used for qualified education expenses. State tax treatment varies.
A 529 savings plan gives you the option of transferring the account to another child, a relative, even yourself!
Wondering how to save for your child’s education? Get answers about opening an account, making contributions and withdrawals, updating your beneficiaries and more.
Do I need to use my own state's plan?
No. Many states offer national plans, so you can invest in them, no matter where you live — or where your child eventually goes to school. Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor.
How much do I need to open an account?
We’ve made it as easy as possible. You can open an account with as little as $250, and make additional contributions as low as $50. And, for an employer-sponsored program, it's even easier . . . you can automatically invest as little as $25 per fund on a schedule you select. Some employers offer 529 savings plans that enable you to contribute directly from your paycheck.
How do I contribute to my account?
If you opened the account, you can set up an automatic investment plan, or contribute additional money online or by check anytime.
choose
You trust your doctor with your health and your mechanic with your car. You shouldn’t settle for anything less when you’re deciding where to invest your money.
Trusted by more than 1 million families nationwide, CollegeAmerica is the country’s largest 529 savings plan* with more than $92.7 billion invested.†
A 529 CollegeAmerica savings plan is only one type of investment Capital Group offers. For a complete investment strategy for your growing family we recommend choosing a financial professional to work with via our financial professional locator. Ready to open a new account? Review the CollegeAmerica program description and then download the application below.
* Largest by assets, according to the 4Q 2021 College Savings Quarterly Data Update from ISS Market Intelligence.
† As of December 31, 2021, CollegeAmerica AUM is 92.7B.
‡ Number of accounts as of December 31, 2021.
** 529 College Savings Quarterly Fee Analysis, ISS Market Intelligence, Fourth Quarter 2021. CollegeAmerica's fees were in the top quartile of 31 national advisor-sold 529 plans and the top quartile of 26 national fee-based, advisor-sold 529 plans based on the average annual asset-based fees.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries.
Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is a nationwide plan sponsored by Virginia529.
This material does not constitute legal or tax advice. Investors should consult with their legal or tax advisors.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
American Funds Distributors, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.