How does the UA College Savings Plan compare with other investment alternatives?
When you're looking to help your children realize their college goals,
the UA College Savings Plan offers distinct advantages:
- You control the account.
- Any earnings are tax-deferred.
- Distributions are exempt from federal income tax if used for qualified education expenses. Please note that the availability of tax or other benefits may be conditioned on meeting certain requirements such as residency, purpose for or timing of distributions, or other factors as applicable.
- If you choose the ACT Portfolio you can lock in current tuition value at the University of Alaska.
- There are no income restrictions or limits to investing in a 529 plan.