Invest individuallyFirst, see if your or your beneficiary's state-sponsored plan offers a tax credit, deduction, or other benefits. Then look over the plan's enrollment materials (often available on the plan's website) to see if the terms, costs, and investment choices fit your savings goals.
Don't forget, you can enroll in almost any plan offered throughout the country, not just the state where you live, so it may make sense to review other plans.1
Once you've decided on the plan in which you'd like to enroll, you can generally do it in one of two ways:
- Online from the plan's website
- By mail, with a paper enrollment form
No matter how you enroll, you'll need to have certain information ready, like your Social Security number and the name, birth date, and Social Security number of your beneficiary (the person who will be attending college). You'll also need to know the investments into which your contributions will go. Every plan has enrollment materials, including an offering statement, that give details of the plan's benefits and investments, so be sure to read through them carefully.
Start your search by clicking here to see the variety of Upromise Investments-administered plans.
1 If you have questions about how a plan's benefits impact your particular circumstances, consider consulting with a financial, tax, or other advisor.
2 A plan of regular investment cannot assure a profit or protect against a loss in a declining market.
