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Truth: You can use the assets in your KY Saves 529 account at any eligible 2- and 4-year college, graduate school (including law and medical), vocational/technical school, and K-12 institution.1

Truth: You can use your KY Saves 529 account assets for many qualified higher education expenses, including tuition, fees, computers, and certain room and board costs. You can also use it to pay for graduate school, trade and vocational school, apprenticeship programs and K-12 tuition.2

Truth: There’s no minimum initial contribution to open a KY Saves 529 account. You can also set up recurring contributions from your bank account or payroll direct deposit through your employer with no minimum.3

Truth: With a KY Saves 529 account, you can be as hands-on or hands-off as you want to be. You can choose from among Year of Enrollment Options that automatically adjust its investments as your child nears enrollment, Asset Allocation Options that help you design your own investment mix or the Capital Preservation Option that invests to provide protection of principal with an interest rate that adjusts periodically.

Truth: Even if your student is already in high school, you can benefit from a 529 plan. Earnings grow federal and state tax-deferred, and when you withdraw the money for a qualified higher education expense, it is free of federal tax.2

Truth: Once you save in a KY Saves 529 account, it’s always your money. If the original student you were saving for can’t use the funds for qualified expenses, you can always change the beneficiary to another qualified family member, or withdraw your funds and pay taxes on earnings and a 10% penalty.4

Truth: It's fast and easy to enroll online.

Truth: With a KY Saves 529 account, it’s affordable. Total annual asset-based KY Saves 529 plan fees range from 0.20% - 0.85% (excludes the Guaranteed Option). For example, if you invest $1,000, the annual fee could be as low as $2.

1An eligible institution is one that can participate in federal financial aid programs and K-12 programs.
2Expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school, not to exceed $10,000 per student per year in the aggregate across all 529 Plans for such student. Since different states have different tax provisions, if you or your beneficiary, as applicable, are not a Kentucky taxpayer, the state(s) where you pay income tax may differ in its state income tax treatment of K-12 tuition expenses. You should consult your own state’s tax laws or your tax advisor for more information on your state’s taxation of withdrawals for K-12 tuition expenses.
3A plan of periodic investment does not assure a profit or protect against a loss in declining markets.
4Section 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.

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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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