Utah Educational Savings Plan® - Utah's official nonprofit 529 college savings plan 800.418.2551
 
Utah Educational Savings Plan

Plan Overview

How does UESP work? From who can participate to the many ways you can contribute to a UESP college savings account, you'll find what you need to know here.

  • UESP Basics

    A nonprofit trust fund, UESP is the official and only 529 plan established and sponsored by the State of Utah. You do not have to be a Utah resident to participate in UESP. UESP is a direct-sold 529 plan, which means you can set up an account and make contributions by dealing directly with UESP. » Learn More

  • Who Can Participate

    Any U.S. citizen or resident alien who is at least 18 years old and has a valid U.S. Social Security or Taxpayer Identification Number can open a UESP account. This means that parents, grandparents, other relatives, or friends can save through UESP. You can even open an account for yourself or your spouse. There are no age or income limits on who can invest money. Trusts and corporations can also open accounts. » Learn More

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  • Ways to Contribute

    With college costs on the rise, you should begin planning for the future as early as possible. Saving now, even just a few dollars each month, can help make a college education more affordable for any child. To help you maximize your savings, we’ve outlined some options that may help. » Learn More

  • How Funds Can Be Used

    Funds in your UESP account can be used for qualified higher education expenses at any eligible educational institution, which generally includes any accredited public or private college, university, or technical school in the United States or abroad that participates in federal financial aid programs for students. » Learn More

Important Legal Notice:

You should read the Program Description and consider all investment objectives, risks, charges, and expenses before investing. The Program Description is available for download on the web or a hard copy can be mailed to you by requesting it online here.

FDIC Insurance. Except for the underlying investment specified below, investments in UESP are not insured by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance is provided for the FDIC-insured savings account held in trust by UESP at Zions First National Bank (Bank). Funds in the savings account are insured by the FDIC on a pass-through basis to each account owner up to the maximum amount set by federal law, which is $250,000. The amount of FDIC insurance provided to an account owner is based on the total of (1) the value of an account owner’s investment in the FDIC-insured savings account plus (2) the value of other accounts held (if any) at the Bank, as determined by the Bank and by FDIC regulations.

No Other Insurance and No Guarantees. Investments in UESP are neither insured nor guaranteed by the State of Utah, UESP, the Utah State Board of Regents, the Utah Higher Education Assistance Authority, other state agencies, federal government agencies (except to the extent noted above regarding FDIC insurance), or any employees or directors of any such entities. Units in UESP have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

Account Value. The value of your UESP account may vary depending on market conditions and the performance of the investment option you select. It could be more or less than the amount you contribute; in short, your investment could lose value. However, subject to the application of Bank and FDIC rules and regulations to each account owner, funds in the FDIC-insured savings account will retain their value, whether in the FDIC-Insured Savings investment option or when allocated to portions of the Age-Based Aggressive Growth, Age-Based Growth, Age-Based Moderate, Age-Based Conservative, Customized Age-Based, or Customized Static investment options (if, in the customized investment options, the FDIC-insured savings account is selected as an underlying investment).

Non-Utah Taxpayers and Residents. You should determine whether the state in which you or your beneficiary pay taxes or live offers a 529 plan that provides state tax or other benefits not otherwise available to you by investing in UESP. You should consider such state tax treatment and benefits, if any, before investing in UESP.