What is a 529 Plan? - Arizona College Savings Plan skip to Main Content

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.

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 state of Arizona’s 529 Savings Plan is one of the most diversified in the country, providing the following benefits:
The ability to save with as little as $15 a month

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

Contributions to accounts grow on a tax-deferred basis

Qualified distributions are exempt from federal income tax

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

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

Qualified distributions are exempt from Arizona income tax for Arizona taxpayers

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