What is an
Arizona 529 Plan?
The Arizona 529 Plan is a college savings plan named after Section 529 of the Internal Revenue Code sponsored by the State of Arizona. The 529 Plan is designed to provide a parent, grandparent, or anyone else an opportunity to save for a child’s educational dreams within a tax-deferred savings vehicle.
The ability to begin saving with as little as $15, $25 or $150 a month, depending on the plan provider you select
Assets are not considered when determining Arizona financial aid awards
Contributions to accounts grow on a tax-deferred basis
Qualified distributions are exempt from federal income tax
Savings can be used at most accredited public or private universities, colleges, and vocational schools in the United States, as well as eligible foreign institutions
Qualified distributions are exempt from Arizona income tax for Arizona taxpayers