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K-State Today

March 6, 2017

America Saves Week: Education savings options

Submitted by Human Capital Services - Benefits

With the conclusion of America Saves Week, Human Capital Services shares one more savings option to help you save for your future.

Do you dream of your child going to college, trade school, vocational school, or other postsecondary education and receiving a great education? Do you worry about how you can support them through this? Affording higher education gets more difficult each year. With the cost of education continuing to rise, it's important to start saving early. 

Kansas State University offers a Learning Quest 529 Education Savings Plan through American Century Investment Company. This plan helps employees invest for the expenses of a higher education by offering tax-deferred earnings growth and potentially reduced taxes on withdrawals. Contributions are after-tax dollars up to the individual maximum for the named beneficiary. The university makes it easy to contribute to this plan through payroll deduction. To start a Learning Quest 529 Plan, please complete the enrollment form. Once completed, follow the instructions to mail the form to Learning Quest.

Did you know that the funds you contribute can be used to pay for more than just tuition? They also pay for fees, books, computers, required supplies and equipment, and room and board at any qualified educational institution in the U.S. Visit Learning Quest to learn more about using plan assets.

Interested in learning more? Visit the Benefits webpage.

Questions? The benefits team is here to help. Contact the team at benefits@k-state.edu

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