{"id":12,"date":"2021-07-12T16:36:34","date_gmt":"2021-07-12T16:36:34","guid":{"rendered":"https:\/\/collegeinv.wpengine.com\/?page_id=12"},"modified":"2025-05-14T09:47:48","modified_gmt":"2025-05-14T09:47:48","slug":"affording-529-savings-plans","status":"publish","type":"page","link":"https:\/\/www.collegeinvest.org\/529-savings-plan-benefits\/affording-529-savings-plans\/","title":{"rendered":"Affordability"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Hero Section&#8221; module_class=&#8221;hero-section tax-benefits page-affordability&#8221; _builder_version=&#8221;4.16&#8243; background_enable_image=&#8221;off&#8221; da_disable_devices=&#8221;off|off|off&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row module_class=&#8221;breadcrumb-row&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;left&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][cumo_breadcrumb _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; module_text_shadow_style=&#8221;preset3&#8243; global_colors_info=&#8221;{}&#8221;][\/cumo_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Hero content&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Affordability<\/h1>\n<p>No, you don\u2019t have to be a millionaire (or related to one) to have a CollegeInvest account. We want accessibility for all parents and grandparents to save for their education goals.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;right&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2022\/08\/2U9A7978_1-sfw.jpg&#8221; alt=&#8221;a Father building a bird house with his daughter&#8221; title_text=&#8221;2U9A7978_1-sfw&#8221; src_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Flexible Promo Image Left&#8221; module_class=&#8221;flexible-promo-image-left tax-benefits&#8221; _builder_version=&#8221;4.16&#8243; da_disable_devices=&#8221;off|off|off&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;left&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/20160811M-269_saved-for-web-1.jpg&#8221; alt=&#8221;20160811M-269_saved-for-web&#8221; title_text=&#8221;20160811M-269_saved-for-web&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text module_class=&#8221;h2-dark&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>All it takes to get started is $25 or less. Contributions are accepted by:<\/h2>\n<ul>\n<li>Dropping a check in the mail.<\/li>\n<li>Making a one-time online bank transfer.<\/li>\n<li>Payment directly from your checking account or other savings account.<\/li>\n<li>Setting up direct deposit with your employer.<\/li>\n<li>Scheduled automatic deposits from your bank or credit union.<\/li>\n<li>Rolling over funds from another 529 plan.<\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Terms of Agreement&#8221; module_class=&#8221;terms-of-agreement p-big-dark h2-dark page-affordability&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Headline&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\">Minimum contributions to open and subsequent contributions:<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row module_class=&#8221;content&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text module_class=&#8221;headline-left&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>DIRECT PORTFOLIO, SCHOLARS CHOICE, STABLE VALUE PLUS<\/strong><\/p>\n<p>$25 to open an account and for subsequent contributions<\/p>\n<p>$15 with a payroll direct deposit plan. Check with your Plan Manager.<\/p>\n<p><strong>SMART CHOICE<\/strong><\/p>\n<p>No minimum to open or contribute to an account<\/p>\n<p>You decide how much to contribute, when you want to contribute, and how you will contribute. You can review your account at any time to see if you\u2019re on track to meet your savings goals, adjust your account to take advantage of increases in income or gifts or inheritances, or make adjustments to your plan based on your child\u2019s or grandchild\u2019s age.<\/p>\n<p>Mom or dad. Your brother or sister. A favorite aunt or uncle. Even your brother-in-law. Anyone can contribute directly to your account or accounts. Especially for birthdays, the holidays, graduations (especially from kindergarten to first grade), and other special events.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;More Benefits&#8221; module_class=&#8221;benefits-all-section more-benefit&#8221; _builder_version=&#8221;4.16&#8243; background_image=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/08\/sidebar-remove-line.png&#8221; da_disable_devices=&#8221;off|off|off&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row module_class=&#8221;benefits-headline&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Headline&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>More 529 plan benefits:<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; module_class=&#8221;slider-more-benefits&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/Benefit-Check.png&#8221; alt=&#8221;Green checkmark icon&#8221; title_text=&#8221;Benefit-Check&#8221; url=&#8221;https:\/\/www.collegeinvest.org\/529-savings-plan-benefits\/529-plan-flexibility\/&#8221; admin_label=&#8221;icon&#8221; module_class=&#8221;benefits-icon-check&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Content&#8221; module_class=&#8221;benefits-col-content h2-light p-big-light&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><a href=\"https:\/\/www.collegeinvest.org\/529-savings-plan-benefits\/529-plan-flexibility\/\">Flexibility<\/a><\/h2>\n<p>When we talk with parents and grandparents about saving for college, flexibility is at the top of their concerns. It\u2019s also the most inherent benefit of 529 savings plans.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/529-savings-plan-benefits\/529-plan-flexibility\/&#8221; button_text=&#8221;learn more&#8221; admin_label=&#8221;Button White&#8221; module_class=&#8221;button white&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/Benefit-Check.png&#8221; alt=&#8221;Green checkmark icon&#8221; title_text=&#8221;Benefit-Check&#8221; url=&#8221;https:\/\/www.collegeinvest.org\/529-savings-plan-benefits\/529-plan-tax-advantages\/&#8221; admin_label=&#8221;icon&#8221; module_class=&#8221;benefits-icon-check&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Content&#8221; module_class=&#8221;benefits-col-content h2-light p-big-light&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><a href=\"https:\/\/www.collegeinvest.org\/529-savings-plan-benefits\/529-plan-tax-advantages\/\">Tax Benefits<\/a><\/h2>\n<p>For Colorado taxpayers, contributions to any CollegeInvest 529 account can be deducted from your Colorado state income tax return. Your earnings grow free of federal and state taxes.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/529-savings-plan-benefits\/529-plan-tax-advantages\/&#8221; button_text=&#8221;learn more&#8221; admin_label=&#8221;Button White&#8221; module_class=&#8221;button white&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/Benefit-Check.png&#8221; alt=&#8221;Green checkmark icon&#8221; title_text=&#8221;Benefit-Check&#8221; url=&#8221;https:\/\/www.collegeinvest.org\/529-savings-plan-benefits\/529-plan-savings-account-control\/&#8221; admin_label=&#8221;icon&#8221; module_class=&#8221;benefits-icon-check&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Content&#8221; module_class=&#8221;benefits-col-content h2-light p-big-light&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><a href=\"https:\/\/www.collegeinvest.org\/529-savings-plan-benefits\/529-plan-savings-account-control\/\">Control<\/a><\/h2>\n<p>You as the Account Owner control the number of accounts, the Beneficiaries, how much to save, what you pay for and when, and more. With the flexibility to change any of these when YOU want to.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/529-savings-plan-benefits\/529-plan-savings-account-control\/&#8221; button_text=&#8221;learn more&#8221; admin_label=&#8221;Button White&#8221; module_class=&#8221;button white&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Swipe to see more&#8221; module_class=&#8221;skip-check-list-row white&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row module_class=&#8221;more-benefits-footer&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_button button_url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjgifX0=@&#8221; button_text=&#8221;back to all benefits&#8221; admin_label=&#8221;Button Deep Cerulean Blue&#8221; module_class=&#8221;button deep-cerulean btn-large&#8221; _builder_version=&#8221;4.16&#8243; _dynamic_attributes=&#8221;button_url&#8221; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_text admin_label=&#8221;Footnotes&#8221; module_class=&#8221;foot-notes background&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Investment returns are not guaranteed, and you could lose money, including principal.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p><div class=\"et_pb_module cumo_breadcrumb cumo_breadcrumb_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module_inner\">\n\t\t\t\t\t<div class=\"breadcrumb\">\r\n\t\t\t\t<img decoding=\"async\" class=\"icon-collapse\" src=\"\/wp-content\/themes\/Divi-child\/assets\/images\/icons\/icon-collapse.svg\" alt=\"Icon Collapse\"\/>\r\n\t\t\t\t\r\n\t\t\t\t<span class=\"breadcrumb-item active\" aria-current=\"page\"><\/span>\r\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>Affordability No, you don\u2019t have to be a millionaire (or related to one) to have a CollegeInvest account. We want accessibility for all parents and grandparents to save for their education goals.All it takes to get started is $25 or less. Contributions are accepted by: Dropping a check in the mail. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":8,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"class_list":["post-12","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Affordable Colorado 529 College Savings Plans | CollegeInvest<\/title>\n<meta name=\"description\" content=\"You don\u2019t have to be a millionaire (or related to one) to have a CollegeInvest account. 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