Interactive website educates families on 529 plans as a college
NEWTON, Mass.–(BUSINESS WIRE)–Ascensus
College Savings, one of the nation’s largest administrators of 529
plans, unveiled Learn529.com,
an interactive website that educates investors about 529 plans and how
the investment tool can help achieve college savings goals.
Launched during September’s College Savings Month, Learn529.com, which
is available in both English and Spanish, offers users a unique learning
experience, navigating users through the initial steps to open a 529
plan and highlighting the benefits and common misconceptions associated
with the savings vehicle. The site is provided in partnership with EverFi,
a leading provider of web-based financial education for consumers and
students nationwide. EverFi’s learning technology uses animations,
video, and simulations to bring financial topics to life for today’s
“Learn529.com is a great resource for families to better understand the
many benefits of investing in a 529 plan,” said Jeff Howkins, president
of Ascensus College Savings. “As the cost of a college education
continues to rise, Ascensus College Savings recognizes the importance of
educating investors about how 529 plans can help them reach their
college savings goals.”
Through the use of 529 plans, families and individuals can save for the
increasing cost of higher education at any accredited school nationwide,
including four-year universities, community colleges, and vocational
schools. Benefits of 529 plans include a range of investment options,
control of the account in accordance with 529 requirements, tax
advantages for qualified withdrawals,1 flexibility to change
beneficiaries, and more. For more information on 529 plans, please visit www.AscensusCollegeSavings.com.
Ascensus is the largest independent retirement and college savings
services provider in the United States, helping over 6 million Americans
save for the future. With more than 30 years of experience, the firm
partners with financial institutions to offer tailored solutions that
meet the needs of financial professionals, employers, and individuals.
Ascensus specializes in recordkeeping, administrative, and program
management services, supporting over 40,000 retirement plans and over
3.3 million 529 college savings accounts. It also administers more than
1.5 million IRAs and health savings accounts. For more information,
EverFi, Inc. is the education technology innovator that empowers
learners with the skills that prepare them to be successful in life.
With backing from some of technology’s most innovative leaders including
Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, and
Twitter founder Evan Williams, EverFi has become leading provider of
web-based financial education for consumers and students nationwide. The
EverFi Education Network is powered by over 1,200 partner organizations
across all 50 states and Canada and has certified over 12 million
students. Learn more at www.everfi.com.
1 Earnings on nonqualified withdrawals are subject to
federal income tax and may be subject to a 10 percent federal penalty
tax, as well as state and local income taxes. The availability of tax or
other benefits may be contingent upon meeting other requirements.
For more information about 529 plans managed or administered by Ascensus
College Savings call 1.877.529.2980 or visit ascensuscollegesavings.com.
Before investing in any 529 plan, you should consider whether your or
the designated beneficiary’s home state offers a 529 plan that provides
its taxpayers with state tax and other benefits that are only available
through the home state’s 529 plan. You also should consult your
financial, tax, or other advisor to learn more about how state-based
benefits (or any limitations) would apply to your specific
circumstances. You also may wish to contact directly your home state’s
529 plan(s), or any other 529 plan, to learn more about those plans’
features, benefits and limitations. Keep in mind that state-based
benefits should be one of many appropriately weighted factors to be
considered when making an investment decision.
Investment objectives, risks, charges, expenses, and other important
information are included in a 529 plan’s offering statement; read and
consider it carefully before investing.
When you invest in a 529 plan you are purchasing municipal securities
whose value will vary with market conditions. Investment returns will
vary depending upon the performance of the portfolios in the Plan you
choose. Depending on market conditions, you could lose all or a portion
of your money by investing in a Plan. Account owners assume all
investment risks as well as responsibility for any federal and state tax
Gregory FCA for Ascensus
Kerry Davis, 610-228-2098