Alabama 529 College Savings Plan – CollegeCounts 529
CollegeCounts 529 Fund from Alabama
Alabama 529 College Savings Plan
About: The CollegeCounts 529 Fund offers tremendous tax advantages including tax-deferred growth and tax-free withdrawals for qualified college expenses. In addition, contributions by Alabama taxpayers are eligible for a state income tax deduction of up to $5,000 per individual ($10,000 if married filing jointly). Over time, these tax advantages, along with your investment dollars, can help provide additional savings for college.
Phone #: 1-866-529-2228
Investment Options: CollegeCounts is proud to present a wide variety of investment options. Investors select from three age-based options, six target portfolios, or 26 individual fund portfolios. These investment options are from a number of well-respected mutual fund families including Vanguard, T. Rowe Price, PIMCO, and Fidelity.
Tax Benefits: Alabama offers up to a $10,000 state tax deductions for contributions invested in the CollegeCounts 529 Fund contributions.
State Residency Requirements: No state residency is required to participate in Alabama 529 College Savings Plans
Saving for College with Upromise
Upromise is a service that helps individuals save money to pay for college or to pay down existing student loan debt.
Upromise is a great way to save through partnerships with retailers. Similar to a cash back rewards card, this plan puts rewards from retailers into an account that you can use to save money for school or paying down current Sallie Mae serviced student loans.
Once you join Upromise, you simply have to shop at eligible retailers. You can shop online and get anywhere from 1$ to 25% back that is credited to your account. There are more than 600 online retailers, including Target and more, which will give you rewards that can be used for college and tuition expenses.
The beauty of the Upromise program is that you save money for college by simply shopping at the normal stores you visit every day. Upromise was created in partnership with Sallie Mae and is designed to help save for education costs.