Start smart with Missouri’s 529 plan.

If you have kids, you have questions. And one of the big ones is, how will you save enough for their education? For starters, it’s important to understand that:

It’s better to save than it is to borrow.
In most cases, 529 savings won’t impact your child's eligibility for student aid.
In all likelihood, you will have to pay some of the costs of your child's education.

We’ll cover all these things later. First, let’s start with the basics:

So, what is a 529 account?

It’s an investment account designed to help families save for education. Most states sponsor their own 529 plan, often with special benefits for state residents.

What can you use a MOST 529 account to pay for?

¹Principal or interest on any qualified education loan (as defined in section 221(d) of the Internal Revenue Code) of the designated beneficiary or a sibling of the designated beneficiary, up to a lifetime limit of $10,000 per individual. Note, if you make an education loan repayment from your Account, Section 221(e) (1) of the Internal Revenue Code provides that you may not also take a federal income tax deduction for any interest included in that education loan repayment.

²Expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school, not to exceed $10,000 per student per year in the aggregate across all 529 Plans for such student. Since different states have different tax provisions, if you or your beneﬁciary, as applicable, are not a Missouri taxpayer, the state(s) where you pay income tax may differ in its state income tax treatment of K-12 tuition expenses. You should consult your own state’s tax laws or your tax advisor for more information on your state’s taxation of withdrawals for K-12 tuition expenses.

Start smart with Missouri’s 529 plan.

So, what is a 529 account?

What can you use a MOST 529 account to pay for?

Transactions

FAQs

Contact Us