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Northwest Missouri State University


MO$T (Missouri's 529 College Savings Plan)

What are 529 college savings plans?

529 college savings plans are state-sponsored plans that help you save for college tuition, room and board, books, supplies, and other qualified higher education expenses.

How does Missouri's 529 plan work?

Open an account with as little as $25 ($15 if contributing through payroll deduction), and contribute as often as you can.

You can invest your contributions in one or ore investment options. To help you find investment options that best match your saving timeline, the plan offers 15 individual portfolios with a fixed investment objective, and three age-based tracks that adjust automatically to more conservative holdings over time.

When it's time to pay for higher education expenses, you withdraw the funds from your account tax-free!

Anyone - parent, grandparent, relative, or friend - can open and contribute to an account on behalf of a child who is the beneficiary. The person who opens the account retains control over it.

Why invest in the MOST 529 plan?

As a Missouri state taxpayer, you're entitled to a generous state income-tax deduction of up to $8,000 per year ($16,000 is married and filing jointly) on your plan contributions. You'll also benefit from:

  • No federal or Missouri state income taxes on investment earnings - or on withdrawals for qualified expenses.
  • A wide range of investment options managed by Vanguard and Missouri-based American Century Investments. Keep in mind that investing involves risk.
  • Upromise rewards, a program that's free to join and gives you back a percentage of your qualified spending at hundreds of America's leading companies. Link the two accounts to supplement you savings.

Make the MOST of what your kids have to offer?

Your children are born with unlimited potential. A college education is one of the best ways to help them reach their full potential - and realize their dreams.

With MOST - Missouri's 529 College Savings Plan, saving for college is easy and affordable, no matter what your income level. And you'll gain significant federal and state tax advantages.

Open an account with just $25, and contribute as often as you can. You'll be amazed at how much you can save. You can even supplement your savings with a free Upromise rewards account.

Contributions to the plan in a tax year are deductible from Missouri state income tax, but are subject to recapture in subsequent years if you make nonqualified withdrawals or roll over assets to another state's 529 plan.

The MOST 529 Plan can go a long way toward helping your kids reach their dreams. So enroll today. Call 888-414-MOST (888-414-6678) on business days from 7 a.m to 8 p.m. CST. Better yet, enroll in ten minutes or less at www.missourimost.org.

Click here to request an enrollment kit.

Information provided by Missouri's 529 College Savings Plan...