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Start Saving Today!
It is never too early to start saving for the college education
of your children or grandchildren. Now is an ideal time to start.

The Utah Educational Savings Plan (UESP) is a simple, sound plan to stretch your child's educational dollars and provide some wonderful tax incentives.

Why a 529 plan? A 529 savings plan encourages saving for college. And saving for college means paying for college!

How will you pay for college? Let the Utah Educational Savings Plan (UESP) be your online savings account for college.

Open an Account
Opening a UESP account is fast and easy. It will take approximately 10 minutes. There are no initial or recurring contribution schedules required on a UESP account.
Make a Contribution
Contributions to your UESP account can be made by check, automatic withdrawals from your checking or savings account, or online at this Web site.
Investment Options
With ten investment options, UESP lets you choose your own degree of risk and potential reward. There are five age-based and five static options to choose from.

UESP and the Financial Market

The recent weeks and months have been a period of unprecedented volatility in the financial markets. During this time, we have kept in close contact with our investment managers, Vanguard and the State Treasurer's Office, and will continue to do so in the future. While we cannot make any guarantees about the financial markets, we at UESP do know the value of investing in higher education. We strongly urge you to consult with your financial adviser before taking any precipitous action relative to your UESP account. We will continue to provide you with detailed information about your account and are committed to providing you the best service possible.

A UESP Overview

Tax Advantages  
Earnings grow free from federal and Utah state income taxes if used for qualified higher education expenses.

State Income Tax Advantages
Utah taxpayers receive a five percent tax credit on contributions up to $1,650 per beneficiary, equaling $82.50. If filing jointly, the five percent credit is applied to contributions up to $3,300 per beneficiary, equaling $165.00. The UESP 529 account must be established before the beneficiary’s 19th birthday to qualify for the credit.

Minimum Investment 
No minimum investment is required to open or maintain a Utah Educational Savings Plan college savings account.

Aggregate Maximum
Savings Balance:  $330,000

Annual Administrative Fees
The Maintenance Fee is $3 per $1,000 up to an account balance of $5,000 not to exceed $15 annually. This fee is waived for Utah residents.

The Asset Fee is 0.22% annually assessed on a quarterly basis at the rate of 0.055%. This fee is not assessed on Utah residents invested in Option 1-Public Treasurer's Investment Fund.

Investment Manager
Utah State Board of Regents and
Utah Higher Education Assistance Authority

Investment Options
Five age-based options
Five static options

 

 

In the News

Effective October 1, 2008
» UESP Fee Reductions
UESP's rock bottom fees just got even lower.

» New Investment Option
UESP announces a new investment option,
Option 10: Equities—30% International.

» Current UESP Newsletter
Download the current issue to stay up-to-date.


UESP gift notice available to download.
Contributing to your child's or grandchild's UESP account may be the best gift you can give.
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Scroll to read more.

© UESP 2008
The terms Utah Educational Savings Plan and UESP are registered trademarks.

Investors should read the Program Description and consider all investment objectives, risks, charges, and expenses before investing. The Program Description is available for download on the Web or a hard copy can be mailed to you by requesting it online from this Web site.

Investments are not guaranteed by UESP, the Utah State Board of Regents, the UHEAA, the FDIC, or any other state or federal government agency. Your investment may lose value.

Investors who are not Utah taxpayers should determine whether the state in which they or their beneficiary reside or pay taxes offers a 529 plan, and if so, whether that plan offers state tax or other benefits not available through UESP.