About Nevada’s 529 Plans
Nevada’s 529 plans are college savings accounts that allow you to invest in a child’s future education. Funds invested in 529 accounts grow on a tax-deferred basis and distributions from the plan are not taxed as long as they are used for qualified educational expenses. Qualified education expenses include costs for items such as tuition, fees, books, supplies and room and board at eligible colleges, universities, community colleges and trade schools; student loan payments; apprenticeships; computers; and even K-12 education expenses. In Nevada, like many other states, we administer our own 529 plans, including our own Prepaid Tuition Program.
- 529 plans grow tax-deferred as long as you use the funds for qualified educational expenses
- Savings can be used nationwide for trade schools, vocational schools, community colleges and graduate school, not just four-year universities.
- Nevada’s 529 Plans make great gifts, especially from grandparents!
- The earlier you start saving, the more your account will grow.
How They Work
Nevada offers several 529 programs, all of which are open to anyone in any state. Our programs include the Nevada Prepaid Tuition Program and five programs administered through our Savings Plan partners: Future Path 529 Plan, the Vanguard 529 College Savings Plan, the Victory Capital 529 Education Savings Plan, and the Wealthfront 529 College Savings Plan. These plans are rated like other investment funds based on fees and performance. Plan account owners deposit after-tax money into these funds and they grow on a tax-deferred basis. As long as you use a 529 account for qualified expenses, you pay no tax on the earnings.
Compare Plans
- Easy and affordable
- Get started with a $50 monthly contribution or $250 initial investment
- Waived annual account fee for Nevada residents
- May qualify for the Distinguished Valor Matching Grant Program
- Call one of our live U.S.-based investment specialists for guidance without the wait and at no additional cost
- Potential bonus opportunities
Our 529 College Savings partners provide access to a range of matching grant and scholarship opportunities for existing account holders. These opportunities range from a $100 one-time contribution to dollar-for-dollar matching grants up to $1,500 per beneficiary. Read more below to find out if you qualify, how these grants and scholarships work, and how and when to apply.
About the Program
The Silver State Matching Grant matches contributions to your Future Path 529 account dollar-for-dollar up to $300 per year for five years for a maximum of $1,500 per beneficiary.
How it Works
There may be extra college savings dollars waiting for you, if:
- Your household adjusted gross income is less than $75,000, and
- You and your beneficiary are Nevada residents, and
- You are an Future Path 529 account holder, and
- Your beneficiary is 13 years old or younger.
How to Apply
Apply online by logging into your Future Path 529 account. That’s how easy it is!
When to Apply
Annual open enrollment is April 1 through July 31, so plan ahead!
About the Program
The Victory Capital 529 Distinguished Valor Matching Grant Program matches contributions to your Victory Capital 529 Education Savings Plan account dollar-for-dollar up to $300 per year for five years for a maximum of $1,500 per beneficiary.
How it Works
There may be extra college savings dollars waiting for you, if:
- Your household adjusted gross income is less than $150,000, and
- You or your beneficiary are Nevada residents, and
- You are a Victory Capital 529 Education Savings Plan account owner, and
- You honorably served or currently serve on active duty in the U.S. military, including the Active Reserves, Active Guard or Nevada National Guard.
- The designated beneficiary must not have reached the age of 13 by December 31 of the year in which the application is submitted.
How to Apply
Visit: vcm.com/matchinggrant
When to Apply
Victory Capital 529 Distinguished Valor Matching Grant Program accepts applications from January 1 – December 15 every year.
Student Initiatives
The Nevada Treasury’s College Savings Division partners with schools and community organizations to encourage students and families to think ahead and start saving for education early. Together, we create opportunities for Nevada’s youngest learners, from Pre-K through middle school, to earn contributions to a 529 College Savings Plan.
Middle School Essay Contest
In partnership with KCEP-FM Power 88, Nevada’s 529 College Savings Division sponsors the Middle School Essay Contest celebrating cultural heritage and student creativity.
Middle school students are invited to submit a 250-word essay about one of their heroes four times a year for the months of February, May, September, and November. Each contest period highlights a different heritage month, including Asian American and Pacific Islander, Hispanic, African American, and Native American Heritage.
Prizes
- 1st Place – $1,000 in a 529 College Savings Plan
- 2nd Place – $500 in a 529 College Savings Plan
- 3rd Place – $250 in a 529 College Savings Plan
Learn more or submit an entry on the Power 88 website: KCEP-FM Essay Contest.
Perfect Attendance Drawing for Elementary Students
To encourage strong school attendance and promote early college savings, the College Savings Division sponsors the Perfect Attendance Contest for elementary students (Pre-K through 5th grade).
Each month, Nevada elementary schools may submit names of students who achieved perfect attendance. Three students are then randomly selected to receive a $529 in a 529 College Savings Plan.
This initiative rewards consistency, dedication, and the importance of education — helping young Nevadans take their first step toward a bright academic future.
Disclaimer
Before investing in any 529 plan, you should consider whether your or the beneficiary’s home state offers a 529 plan that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state’s 529 plan. You also should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plans’ features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
