USAA College Savings Plan – Nevada 529 College Savings Plan
About: USAA College Savings Plan is the municipal fund securities issued by the Nevada College Savings Trust Fund. The value of an investment in the Plan will vary with market conditions. The Plan is administered by the Board of Trustees of the College Savings Plans of Nevada (Board), which is chaired by the Nevada State Treasurer.
USAA Investment Management Company provides investment management services to the portfolios, together with its affiliate, USAA Financial Advisors, Inc., and markets and provides related services with respect to the Plan. Ascensus Broker Dealer Services, Inc. serves as the Program Manager. Interests in the Plan are not guaranteed by the Trust, the Plan, the State of Nevada, the Board or any other governmental entities, or any USAA or Ascensus entities and you could lose money.
Phone #: 1-800-531-8722
Investment Options: The USAA College Savings Plan offers the Age-Based Option contains 9 portfolios of underlying mutual funds. They also offer 10 Fixed Allocation portfolios (Very Aggressive, Aggressive Growth, Growth, Moderately Aggressive, Moderate, Moderately Conservative, Conservative, Very Conservative and In-College) and a money-market portfolio (Preservation of Capital). Investments are managed by USAA mutual funds..
Tax Benefits: Nevada does not have a personal income tax, so there’s no tax deduction or credit for contribution.
State Residency Requirements: No state residency is required to participate in Nevada 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.