What is a 529 Plan? - Arizona's Education 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:
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The ability to begin saving with as little as $15, $25 or $150 a month, depending on the plan provider you select

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Assets are not considered when determining Arizona financial aid awards

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Contributions to accounts grow on a tax-deferred basis

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Qualified distributions are exempt from federal income tax

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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 

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Qualified distributions are exempt from Arizona income tax for Arizona taxpayers

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