*Investors should consider before investing whether their or their beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program and should consult their tax advisor, attorney and/or other advisor regarding their specific legal, investment or tax situation.
1 Qualified higher education expenses include tuition, fees, textbooks, supplies and equipment required for enrollment or attendance and certain room and board expenses at an eligible educational institution. If you do not use the assets in your account for qualified expenses, the earnings portion of the withdrawal could be subject to federal, state and local taxes. If you do not use the assets in your account for qualified expenses, the earnings portion of the withdrawal is subject to federal income tax and an additional 10% federal tax and may be subject to state and local taxes.
2 An eligible school includes accredited post-secondary educational institutions or vocational schools. See www.fafsa.ed.gov.
3 5 Caps (highest rating) at savingforcollege.com
4 A "member of the family" includes a son, daughter, stepson or stepdaughter (natural, adopted or foster), or a descendant of any such person; a brother, sister, stepbrother, or stepsister; the father or mother, or an ancestor of either; a stepfather or stepmother; a son or daughter of a brother or sister (or half-brother and half-sister); a brother or sister of the mother; a son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law; the spouse of the beneficiary or the spouse of any individual described above; or a first cousin of the beneficiary.