Fiction: 529 plans are only for parents and grandparents with younger children.
Fact: College Savings Iowa is a wonderful resource for Iowans and others at every stage in their education life. Anyone 18 years or older can open a College Savings Iowa account for a child in their life or even for themselves. If you are thinking about going back to school or starting your education later in life, College Savings Iowa offers you a great way to save for school, grow your savings with easy investments, withdraw and pay for higher-education costs tax-free and take a tax deduction from your yearly Iowa state taxes based on your College Savings Iowa contributions.*
*The availability of tax or other benefits may be contingent on meeting other requirements. For more information about the tax benefits offered by College Savings Iowa, refer to our Program Description.