See how much you need to save for college, project your 529 plan growth, and find out if you're on track to cover tuition, room, and board.
* Costs shown are 2026 national averages. Actual costs vary by institution.
529 contributions grow tax-free federally. Qualified withdrawals for education expenses are also tax-free. Many states offer additional deductions for contributions.
No annual limit, but contributions are subject to gift tax rules. You can front-load up to 5 years of annual gift exclusions ($18,000 × 5 = $90,000) in a single year per contributor.
Tuition, fees, room and board, books, supplies, computers, and K–12 tuition (up to $10,000/year). Eligible trade schools and community colleges also qualify. Student loan repayments up to $10,000 lifetime qualify too.
Unused funds can be transferred to another family member penalty-free. Starting in 2024, unused 529 funds can be rolled into a Roth IRA (up to $35,000 lifetime, subject to rules).
Withdrawals for non-education expenses are subject to income tax plus a 10% federal penalty on the earnings portion only — not the principal contributed.
You can use any state's 529 plan regardless of where your child attends college — including community colleges and trade schools. Compare plans at savingforcollege.com. Look for low fees and strong investment options.