Kansas 529 College Savings Plan
About: Learning Quest is a tax-advantaged 529 college savings plan administered by the State of Kansas. It is designed to help people invest for the expenses of a higher education. American Century manages the Learning Quest 529 Education Savings Program (Direct-sold) for Kansas, featuring three age-based tracks with a mix of American Century, Vanguard and Baird funds, one age-based track with Vanguard index funds, and 12 static options.
Website: https://www.learningquest.com/
Phone #: 1-800-579-2203
Investment Options: There’s the age-based portfolios (non-index) are offered in 3 different risk levels: Aggressive, Moderate, and Conservative. Contributions are placed into the portfolio corresponding to the selected risk level and the beneficiary’s age. Investors can also select among 12 options: the 100% Equity Portfolio invested in both American Century and Vanguard mutual funds, the Money Market portfolio invested in American Century funds, the 6 multi-fund portfolios used in the non-index age-based tracks, and 4 index-fund based portfolios.
Tax Benefits: Contributions to Kansas AND non-Kansas state-sponsored 529 plans of up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly, are deductible in computing Kansas taxable income. Rollover contributions are not deductible. Contribution deadline is December 31.
State Residency Requirements: No state residency is required to participate in Kansas 529 College Savings Plans.
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