State Treasurer of Iowa

Debunking 529 myths

Fiction: My child is too old for me to open a College Savings Iowa 529 account.

Fact: You can open an account for a beneficiary of any age—or even open one for yourself. It does not matter if your student is already in high school, or if you are enrolling in classes that start soon, you can still take advantage of the tax benefits that College Savings Iowa offers.** In addition, the more you save now, the less you (or your student) will have to borrow later.

**The availability of tax or other benefits may be contingent on meeting certain requirements.

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