List of 529 Day (5/29) College Savings Plan Promotions 2023

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Updated for 2023. 5/29 is “National 529 College Savings Plan Day” and every year a few state plan offer promotions and/or giveaways. Most offers end by May 31st. Some offers require in-state residency, but some don’t. 529 plans can now also pay for K-12 tuition and other educational expenses beyond college tuition and room/board.

I find that having an open 529 plan is a great way to redirect various cash gifts from friends and family (like grandparents) so that the money doesn’t just get spent mindlessly and then forgotten. Finally, opening a plan and making any contribution also starts the 15-year clock on potential future 529-to-Roth IRA rollovers.

Here’s a list of what I could find, please let me know if you find more. I’m listing the state, but you do not have to be a resident of that state to open a 529 account there. You can have multiple 529s from different states. However, you may need to be a resident to qualify for a specific bonus, or there may be an age restriction on the beneficiary, etc.

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Comments

  1. I looked into the Utah 529 after your original article. All four of my grandchildren have a Utah 529 now and it’s a good plan. Note: None of us live in Utah.

  2. For Minnesota, there is a specific password if you want to integrate your account with personal capital. This password is different than the login password.

  3. Added another $100 bonus for Pennsylvania 529 Guaranteed Savings Plan

  4. Michigan slow to pay out bonus. Wisconsin fast.

  5. 15-year clock on 529-to-Roth IRA rollovers.

  6. I have an account with the SholarShare. Can I still open a new account for this promotion? What’s the promo code if I want to open a additional new one under my login? Thanks in advance.

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