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Report: More U.S. families choosing 529 plans to save for college

A new College Savings Plans Network (CSPN) report  shows 2014 was another good year for the Utah Educational Savings Plan (UESP) and the nation’s other 529 college savings programs as total assets under management, number of accounts, and average account balance reached new record highs. Statistics CSPN released earlier this month underscore the continuing appeal […]

2015 Legislative Update – Week 5

2015-2016 Budget With revised revenue projections announced last week, significant budget decisions continue to loom before a final budget takes shape, including Medicaid expansion and possible gas tax revisions. There is still a lot of work to be done on the budget as well as several bills that continue their march through the legislative process. […]

Key legislation before US Congress to strengthen 529 plans

This past month both the US Senate and House of Representatives introduced legislation to make enhancements to 529 College Savings Plans. These tax-free plans are used by millions of families to save for their children’s future higher education expenses. These plans have proven to help limit or eliminate future student loan debt, while aiding to […]

Utah Educational Savings Plan exceeds $8 billion in assets

Rapid growth in assets under management leads to cost efficiencies that benefit account owners investing for college. The Utah Educational Savings Plan (UESP) announced today it has surpassed $8 billion in assets under its management in more than 277,000 accounts, a milestone underscoring the value that investors find in Utah’s low-cost, fast-growing 529 college savings […]

Consider sending your state income tax refund directly to your UESP account

Want to pocket more money for college? While preparing your 2014 Utah state income tax returns, consider sending your state income tax refund directly to your Utah Educational Savings Plan (UESP) account. Your refund will be applied equally among accounts owned by you and, if you file taxes jointly, your spouse. On the last page […]

New UESP features for 2015 add flexibility

Account owners benefit from higher Utah state income tax benefit, now may change account investment option twice per year for the same beneficiary. The Utah Educational Savings Plan (UESP), Utah’s official and only 529 college savings plan, announced program improvements that benefit Utahns whose New Year’s resolutions include investing more for college in 2015. Starting this year, Utah […]

Utah Educational Savings Plan Contributions Due By December 31

Utah taxpayers enjoy a number of tax benefits by saving for future higher education expenses with the Utah Educational Savings Plan (UESP), Utah’s official nonprofit college savings plan. Utah taxpayer account owners can claim a 5 percent Utah state income tax credit for 2014 on UESP account contributions up to $1,860 (a maximum tax credit of […]

UESP Gift Program: This holiday season, give the gift of education

The Utah Educational Savings Plan (UESP), Utah’s official nonprofit college savings plan, launched a new Gift Program, just in time for the holidays. The UESP Gift Program makes it easy for family and friends to contribute to a child’s future qualified higher education expenses. When UESP account owners enroll in the Gift Program under Account […]

UESP receives gold rating from Morningstar for fourth consecutive year

The Utah Educational Savings Plan (UESP), Utah’s official 529 college savings program, received the highest industry stamp of approval from Morningstar, Inc., a leading provider of independent investment research, for the fourth consecutive year. Of 64 plans Morningstar analyzed, UESP was one of only four to receive a Morningstar Analyst Rating™ of Gold in 2014. […]