Invest in Their Future
One Day They Will Thank You
It's Never Too Early To Start Saving
College may seem like a distant dream at this point in your child’s life, but it’s never too early to start preparing for this important goal. For a child born today to attend a public university in 18 years, it can cost as much as $215,064, and almost twice that amount for a private school. 1
Your child will thank you when they don’t have expensive tuition bills or large loan balances to worry about. Plus, the money you save through Future Scholar can be used to pay qualified education costs at any eligible educational institution in the United States, as well as some international schools. This includes two- and four-year public and private colleges, graduate and professional programs and certain vocational-technical schools.
1 Source: College Savings Projector calculator on futurescholar.com, as of August 2016. Based on the cost for a public, in-state four year college and assumes a 5% rate of inflation.
South Carolina’s 529 savings plan offers parents the following advantages:
- Similar to a 401(k), earnings on the plan are tax-free on both federal and South Carolina income taxes as long as the money is used for education.
- Contributions are also tax deductible for those who file a South Carolina tax return.
- Funds can be withdrawn tax-free for qualified education expenses.
- The money saved can be used at most U.S. and many international universities and educational institutions.
- Unlike other college and gift funds, parents or other plan holders maintain control over their investment.
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Future Scholar 529 Plan
PO Box 219812
Kansas City, MO 64121-9812
© 2024 South Carolina Office of State Treasurer
Important Disclosures | Privacy and Security | Terms and Conditions
Investing involves risk including the risk of loss of principal. Please consider the investment objectives, risks, charges and expenses carefully before investing. Contact your financial advisor or visit futurescholar.com for a Direct Plan Program Description, which contains this and other important information about the Future Scholar 529 College Savings Plan. Read it carefully before investing. You should also consider, before investing, whether the investor's or designated 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 such state's qualified tuition program.
Tax treatment varies by state. The tax information set forth on this website is general in nature and does not constitute tax advice on the part of Columbia Management Investment Distributors, Inc., its affiliates or the South Carolina Office of State Treasurer. Please contact your tax advisor before making any tax related decisions.
The Direct Plan is sold directly by the Program and is limited to a specific group of investors, as described in the Program Description . You may also participate in the Advisor Plan, which is sold exclusively through financial advisors. The Advisor Plan offers additional investment choices, but the fees and expenses are higher. Please contact your financial advisor for additional information on the Advisor Plan.
The Office of State Treasurer of South Carolina (the State Treasurer) administers the Program and has selected Columbia Management Investment Advisers, LLC and Columbia Management Investment Distributors, Inc. (Columbia Management) as Program Manager. Columbia Management and its affiliates are responsible for providing certain administrative, recordkeeping and investment services, and for the marketing of the Program. Columbia Management is not affiliated with the State Treasurer.