{"id":17,"date":"2021-07-12T16:40:21","date_gmt":"2021-07-12T16:40:21","guid":{"rendered":"https:\/\/collegeinv.wpengine.com\/?page_id=17"},"modified":"2024-07-02T07:18:01","modified_gmt":"2024-07-02T07:18:01","slug":"scholars-choice","status":"publish","type":"page","link":"https:\/\/www.collegeinvest.org\/529-savings-plans\/scholars-choice\/","title":{"rendered":"Scholars Choice"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Hero Section&#8221; module_class=&#8221;hero-section direct-hero scholars-choice-hero&#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 _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;left&#8221; collapsed=&#8221;on&#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; 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; module_class=&#8221;headline h1-dark&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_direction=&#8221;bottom&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Scholars Choice<\/h1>\n<p>The plan for investors working with their own financial professional, offering 28 options ranging from conservative to aggressive. Ideal for all investor types.<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Text Above Button&#8221; module_class=&#8221;text-above-btn&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_direction=&#8221;bottom&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>plan managed by:<\/p>\n<p>[\/et_pb_text][cumo_two_logo_inline first_logo=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/Nuveen-Logo-scholar-1.png&#8221; second_logo=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/TIAA-logo-scholar.png&#8221; first_logo_alt=&#8221;logo_nuveen&#8221; second_logo_alt=&#8221;logo_tiaa&#8221; module_class=&#8221;inline-logo&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_direction=&#8221;bottom&#8221; global_colors_info=&#8221;{}&#8221;][\/cumo_two_logo_inline][et_pb_button button_url=&#8221;\/enroll-529-savings-plan\/#scholars-choice&#8221; button_text=&#8221;enroll in this plan&#8221; admin_label=&#8221;Button Green&#8221; module_class=&#8221;button green&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_direction=&#8221;bottom&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/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\/09\/2U9A2095_1-sfw-1.jpg&#8221; alt=&#8221;Direct Portfolio&#8221; title_text=&#8221;2U9A2095_1-sfw (1)&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; module_class=&#8221;img-full&#8221; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Sidebar Section&#8221; module_class=&#8221;sidebar-section  scholars-choice-sidebar&#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 column_structure=&#8221;3_5,2_5&#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;3_5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Content&#8221; module_class=&#8221;content-sbs&#8221; _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;]<\/p>\n<p class=\"text-siderbar-top\">Scholars Choice from CollegeInvest and Nuveen is one of the largest financial professional-sold 529 plans nationwide. The Plan offers significant tax benefits, a broad range of investment options, competitive fees, and an active multi-manager approach that makes Scholars Choice a solid foundation when building a comprehensive college funding strategy.<\/p>\n<h2>Plan details<\/h2>\n<p>You can open an account only through a financial professional. You can start with as little as $25, and subsequent contributions need to be $25 or more. If you contribute using payroll direct deposit, you may contribute any dollar amount.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/enroll-529-savings-plan\/#scholars-choice&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Enroll in this plan&#8221; admin_label=&#8221;Button White&#8221; module_class=&#8221;button white&#8221; _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_button][et_pb_button button_url=&#8221;#anchor_link&#8221; button_text=&#8221;Scroll for more information about scholars choice&#8221; admin_label=&#8221;Anchor Link&#8221; module_class=&#8221;anchor-link&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_image src=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/Sholars-Choice-Img@2x.png&#8221; alt=&#8221;The Direct Portfolio Plan&#8221; title_text=&#8221;Sholars-Choice-Img@2x&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; module_class=&#8221;img-full&#8221; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;2_5&#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;][cumo_side_item icon=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/quick-link.svg&#8221; icon_alt=&#8221;Blue link icon&#8221; admin_label=&#8221;Quick links&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p class=\"title\">Quick links:<\/p>\n<p><a href=\"\/compare-529-plans\/\">Compare Plans<\/a><\/p>\n<p><a href=\"\/forms\/scholars-choice-forms\/\">Scholars Choice Forms<\/a><\/p>\n<p><a href=\"https:\/\/documents.nuveen.com\/Documents\/Nuveen\/Default.aspx?uniqueId=f049454b-8cea-474e-a780-226a6e0065a1\" target=\"_blank\" rel=\"noopener\">Scholars Choice Plan Disclosure Statements<\/a><\/p>\n<p><a href=\"https:\/\/www.nuveen.com\/en-us\/investments\/529-plan\/scholars-choice-ao\/researching-investments\/\" target=\"_blank\" rel=\"noopener\">Scholars Choice Performance<\/a><\/p>\n<p><a href=\"\/friends-family-gifting\/\">Friends and Family gifting<\/a><\/p>\n<p><a href=\"#faqsession\" class=\"faq-section\">Frequently asked questions<\/a><\/p>\n<p>[\/cumo_side_item][cumo_side_item icon=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/phone-icon.svg&#8221; icon_alt=&#8221;Blue phone icon&#8221; admin_label=&#8221;Call us&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p class=\"title\">Call us:<\/p>\n<p class=\"link\"><a href=\"tel:888.572.4652\">888.572.4652<\/a><\/p>\n<p class=\"text\">Mon &#8211; Fri 7am to 8pm (MDT)<\/p>\n<p class=\"fax-safari\" style=\"pointer-events: none;\">Fax: 617.559.8940<\/p>\n<p>[\/cumo_side_item][cumo_side_item icon=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/mail-icon.svg&#8221; icon_alt=&#8221;Blue mail icon&#8221; admin_label=&#8221;Mailing Address&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p class=\"title\">Mailing Address<\/p>\n<p>Scholars Choice College Savings Program<br \/>PO Box 219372<br \/>Kansas City, MO 64121<\/p>\n<p>[\/cumo_side_item][cumo_side_item icon=&#8221;https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/overnight-mail.svg&#8221; icon_alt=&#8221;icon_overnight&#8221; admin_label=&#8221;Overnight Delivery Only&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p class=\"title\">Overnight Delivery ONLY:<\/p>\n<p>Scholars Choice College Savings Program<br \/>1001 E 101st Terrace, Suite 200<br \/>Kansas City, MO 64131<\/p>\n<p>[\/cumo_side_item][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Tabbed Content 2 Column&#8221; module_id=&#8221;anchor_link&#8221; module_class=&#8221;tabbed-content-2-column tab-module  direct-2-column scholars-choice-2-column&#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 admin_label=&#8221;Swipe to see more responsive&#8221; module_class=&#8221;skip-check-list-row black&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; animation_style=&#8221;slide&#8221; animation_direction=&#8221;bottom&#8221; locked=&#8221;off&#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 column_structure=&#8221;2_5,3_5&#8243; module_class=&#8221;tab-anchors&#8221; _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;2_5&#8243; module_class=&#8221;tab-title&#8221; _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_button button_text=&#8221;Enrollment&#8221; admin_label=&#8221;Enrollment&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_button button_text=&#8221;Favorable Tax Treatment&#8221; admin_label=&#8221;Favorable Tax Treatment&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_button button_text=&#8221;High account maximum&#8221; admin_label=&#8221;High account maximum&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_button button_text=&#8221;Estate planning benefits&#8221; admin_label=&#8221;Estate planning benefits&#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;3_5&#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_text admin_label=&#8221;Enrollment&#8221; module_class=&#8221;tab-content&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Enrollment<\/h3>\n<p>You can open an account only through a financial professional. Scholars Choice investment portfolios are managed by TIAA-CREF Tuition Financing, Inc. The team leverages top-tier asset managers and highly rated funds to take advantage of investment opportunities wherever they exist. Looking for a financial professional? <a href=\"https:\/\/www.finra.org\/investors\/learn-to-invest\/choosing-investment-professional\/where-do-i-start\/\" target=\"_blank\" rel=\"noopener\">Click HERE.<\/a><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Online account management&#8221; module_class=&#8221;tab-content&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Favorable Tax Treatment<\/h3>\n<p>If you are a Colorado taxpayer, you may be eligible to deduct your contributions from your Colorado income taxes. Your earnings will grow federal and state tax-free as long as the money remains in your account and the funds are eventually used for eligible expenses.<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Low fees&#8221; module_class=&#8221;tab-content&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>High account maximum<\/h3>\n<p>You can contribute on behalf of a Beneficiary until the total balance of all CollegeInvest 529 plan accounts held for the same Beneficiary reaches an aggregate maximum balance, which is currently $500,000. There are no restrictions on the number of Beneficiaries or accounts per Beneficiary.<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Earn free savings for college&#8221; module_class=&#8221;tab-content&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Estate planning benefits<\/h3>\n<p>Account contributions are considered completed gifts and, in general, will be excluded from your federal taxable estate.<\/p>\n<p>There are no federal gift or generation-skipping transfer taxes on contributions of $16,000 ($32,000 per married couple) per year per Beneficiary.<\/p>\n<p>You have the option to treat contributions of over $80,000 made in one year ($160,000 for married couples) per Beneficiary as if they were made over a five year period. Restrictions apply.<\/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;Intro Center&#8221; module_class=&#8221;headline-center  scholars-choice-center&#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 _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; module_class=&#8221;headline&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2> Investment options<\/h2>\n<p>The Scholars Choice Program offers a menu of offers 28 investment options, including highly rated underlying funds.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/529-savings-plans\/scholars-choice\/investment-options\/&#8221; button_text=&#8221;View Investment Options&#8221; admin_label=&#8221;Button Light Blue&#8221; module_class=&#8221;button light-blue&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_text admin_label=&#8221;Content&#8221; module_class=&#8221;headline content-bottom&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Investment Management by Nuveen<span class=\"reg\">\u00ae<\/span><\/h2>\n<h3>The power of TIAA &amp; Nuveen<\/h3>\n<p>With Scholars Choice, you and your clients access the capabilities of two world-class financial organizations, TIAA and Nuveen. TIAA is a pioneer in the 529 industry that brings deep knowledge and demonstrated experience in managing every aspect of a successful 529 program. Nuveen, investment manager of TIAA, offers capabilities that span public and private markets, over five decades of leadership in responsible investing, and a 120-year history of helping clients meet their financial goals.<\/p>\n<p>The Scholars Choice management team understands the importance of college savings; after all, its members are not only experienced money managers, but they are Parents too \u2013 saving for their children\u2019s futures, just like you.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#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;Footnotes&#8221; module_class=&#8221;foot-notes black&#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, by investing in these options.<\/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;FAQ Background&#8221; module_id=&#8221;faqsession&#8221; module_class=&#8221;faq-wrapper background faq-direct&#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 _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;Frequently asked questions about Direct Portfolio&#8221; module_class=&#8221;headline&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Frequently asked questions about Scholars Choice:<\/h2>\n<p>[\/et_pb_text][cumo_faq_item question=&#8221;What if my Beneficiary receives a scholarship?&#8221; icon=&#8221;<i class=%22im im-plus-circle%22><\/i>&#8221; admin_label=&#8221;What if my Beneficiary receives a scholarship?&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"ans-wr\">\n<p>You can change the Beneficiary on your account to another qualified family member.<\/p>\n<p>You can also use your account balance to pay for qualified expenses not covered by the scholarship, such as room and board, books and required supplies, computers and software, internet access, and more.<\/p>\n<p>Nonqualified withdrawals from Scholars Choice that can be attributed to certain scholarships are not subject to the additional 10% federal tax generally applicable to nonqualified withdrawals. However, the earnings portion of the <strong>withdrawal<\/strong> must be reported on federal and state (if applicable) tax returns.<\/p>\n<\/div>\n<p>[\/cumo_faq_item][cumo_faq_item question=&#8221;What if my Beneficiary doesn\u2019t attend college?&#8221; icon=&#8221;<i class=%22im im-plus-circle%22><\/i>&#8221; admin_label=&#8221;What if my Beneficiary doesn\u2019t attend college?&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"ans-wr\">\n<p>You can wait, change the Beneficiary on your account to another qualified family member, or make a <strong>nonqualified withdrawal<\/strong>. Your financial advisor can help you determine the most suitable route for your unique circumstances.<\/p>\n<\/div>\n<p>[\/cumo_faq_item][cumo_faq_item question=&#8221;How will my Scholars Choice account affect my child\u2019s eligibility for financial aid?&#8221; icon=&#8221;<i class=%22im im-plus-circle%22><\/i>&#8221; admin_label=&#8221;How will my Scholars Choice account affect my child\u2019s eligibility for financial aid?&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"ans-wr\">\n<p>Being the Account Owner or Beneficiary of a Scholars Choice account may impact the ability to receive financial aid or other benefits or the amount of such aid or benefits. You should consult a qualified advisor to determine how an account may affect financial aid eligibility.<\/p>\n<\/div>\n<p>[\/cumo_faq_item][cumo_faq_item question=&#8221;Can I transfer assets from an UTMA\/UGMA or a Coverdell Education Savings Account into a Scholars Choice account?&#8221; icon=&#8221;<i class=%22im im-plus-circle%22><\/i>&#8221; admin_label=&#8221;Can I transfer assets from an UTMA\/UGMA or a Coverdell Education Savings Account into a Scholars Choice account?&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"ans-wr\">\n<p>Yes. You may liquidate all or part of the assets in one of these accounts and invest the proceeds in a Scholars Choice account. The liquidation of UTMA\/UGMA assets for contribution to a Scholars Choice account may be a taxable transaction. Distributions from a Coverdell ESA that are invested in a Scholars Choice account are not subject to federal income tax.<\/p>\n<\/div>\n<p>[\/cumo_faq_item][et_pb_button button_url=&#8221;\/faqs\/&#8221; button_text=&#8221;browse all faqs&#8221; admin_label=&#8221;Button Light Blue&#8221; module_class=&#8221;button  light-blue direct-btn btn-fqa-nofooter&#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_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>Scholars Choice The plan for investors working with their own financial professional, offering 28 options ranging from conservative to aggressive. Ideal for all investor types.plan managed by:<div class=\"et_pb_module cumo_two_logo_inline cumo_two_logo_inline_0 inline-logo\">\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=\"image-inline\">\r\n\t\t\t\t<div class=\"image-wrapper\"><img decoding=\"async\" src=\"https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/Nuveen-Logo-scholar-1.png\" alt=\"logo_nuveen\" width=\"auto\" heigh=\"auto\"\/><\/div>\r\n\t\t\t\t<div class=\"image-wrapper\"><img decoding=\"async\" src=\"https:\/\/www.collegeinvest.org\/wp-content\/uploads\/2021\/09\/TIAA-logo-scholar.png\" alt=\"logo_tiaa\" width=\"auto\" heigh=\"auto\"\/><\/div>\r\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>Scholars Choice from CollegeInvest and Nuveen is one of the largest financial professional-sold 529 plans nationwide. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":15,"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-17","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>Colorado 529 College Savings Plan | CollegeInvest Scholar&#039;s Choice<\/title>\n<meta name=\"description\" content=\"The Scholars Choice 529 college savings plan from CollegeInvest and Legg Mason offers tax benefits, a range of investment options, and competitive fees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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