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With KY Saves 529, you maintain control over your account. Always. Even after the child you’re saving for turns 18.

  • You choose how you want your money invested. KY Saves 529 has a broad range of investment options. Not investment savvy? Consider a Year of Enrollment Option – it will automatically adjust your investments as your child grows.
  • You determine when to withdraw the funds. First semester, last semester, and every semester in between. Even wait for grad school, if you choose.
  • You decide which qualified expenses to use the funds for. Remember: 529s cover a variety of education expenses.
  • You make the call if funds can’t be used for qualified expenses. Scholarships do happen, though not as often as you might like. If your beneficiary can’t use the funds for qualified expenses, simply change the beneficiary to another qualified family member or withdraw it and pay taxes on earnings and a 10% penalty.1  
  • You decide what to do with any funds left in your account. If your funds are no longer needed for education, you can rollover your 529 savings into an IRA.2

Make contributions and qualified withdrawals, exchange assets3 and more online 24/7.

1Section 529 defines a family member as: A son, daughter, stepson or stepdaughter, 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; a brother or sister of the father or 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. Gift or generation-skipping transfer taxes may apply. Please consult with your tax advisor for further information.
2Subject to eligibility requirements. Please see the Program Description for more information.
3Federal law permits you to move the assets in your KY Saves 529 account to a different mix of investment options twice per calendar year.


Make contributions and qualified withdrawals, exchange assets and more online 24/7

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KY Saves 529 is administered by the Kentucky Higher Education Assistance Authority (KHEAA)

For more information about the Kentucky Educational Savings Plan Trust (KY Saves 529), call 855-840-4855 or visit to obtain a Program Description, which includes investment objectives, risks, charges, expenses, and other important information. Read and consider it carefully before investing.

Please Note: Before you invest, consider whether your or the 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 that state’s qualified tuition program. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

KY Saves 529 is administered by the Kentucky Higher Education Assistance Authority. Ascensus College Savings Recordkeeping Services, LLC, is the Program Manager. The Program Manager and its affiliates have overall responsibility for the program’s day-to-day operations, including investment advisory services, recordkeeping, and administrative services.

Investment returns will vary depending upon the performance of the Investment Options you choose. Depending on market conditions, you could lose all or a portion of your money by investing in KY Saves 529. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

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