Thumb: CollegeAdvantage 529 Plan investment options

Investment options

The CollegeAdvantage 529 Plan offers three distinct investment approaches, allowing you to choose the options that best fit your college planning needs.

Find the right option for you

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Thumb: CollegeAdvantage 529 plan pricing and performance

Pricing and performance

Get to know the ins and outs of how your 529 plan is performing so you can keep your college savings on track.

See performance

Get summary of fees and expenses

Thumb: Get started with our CollegeAdvantage 529 Savings Plan now.

Get started

The sooner you begin saving, the more prepared you’ll be for the future. Open your BlackRock CollegeAdvantage 529 Plan in three easy steps:

1.  Learn how to enroll
2.  Get answers to your common questions
3.  Submit your new account application

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Thumb: CollegeAdvantage 529 Savings Plan forms and applications

Forms and applications

Need to open an account, update an existing one, or make a withdrawal? Fill out and submit the necessary forms, and we’ll take care of the rest.

Find forms and applications

How to enroll

Thumb: CollegeAdvantage 529 plan frequently asked questions

Frequently asked questions

To help you simplify the process, we’ve answered the most common questions that surface around 529 college savings plans.

See 529 plan FAQs

Debunk the myths

Thumb: CollegeAdvantage 529 Savings Plan withdrawal tips

Tips for withdrawals

Read our helpful withdrawal guide when you plan to put the money invested in your 529 plan to good use.

Read guide

 

 

Thumb: What is a 529 college savings plan for?

What is a 529 investment plan for?

Saving for a student’s college education

Paying your graduate school expenses

Pursuing an interest through CE courses

Growing higher education savings tax-free1

Thumb: What expenses does a 529 college savings plan cover?

What college expenses does it cover?4

Tuition

Room and board

Fees

Books, supplies and required equipment

Computer equipment and technology

Thumb: Key benefits of a 529 college savings plan?

What are the key benefits?

Grow and withdraw assets free of federal taxes1

Additional state tax benefits, where applicable

Flexibility to transfer to another eligible relative

No income limitations for making contributions

Grow your money tax-free1

$426k maximum contribution limit2
$25 investment minimum
$14k the maximum, per beneficiary, you can contribute each year free from gift tax ($28k for married couples)3

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College planning tool

Create a personalized plan for each of your children, no matter where you are in the college planning process.

Launch tool

Withdrawals from a 529 plan are tax-free when used for qualified higher education expenses, which include tuition, mandatory fees, books, supplies, and for certain computer technology and equipment, room, board and off-campus housing expenses (as long as the cost does not exceed the cost of on-campus housing). Non-qualified withdrawals are subject to a 10% federal penalty as well as federal, state and local income tax.

Contributions can be made until account value of all CollegeAdvantage accounts for the beneficiary reaches $426,000, however the assets in the account are free to grow without limit.

Inclusive of all gifts to the beneficiary, not just contributions to a 529 plan. Funding a 529 account is considered under applicable tax law to be a gift to the designated beneficiary. 529 gifting allows someone to make a five-year accelerated gift of $70,000 per beneficiary, provided you do not make another gift to that student for the next five years. When taking advantage of the five-year acceleration for gift tax exemption purposes, it is important to note that if a contributor passes away within the five year period, a prorated portion of their gift is put back into their taxable estate. Please speak with your financial professional for more information regarding changing beneficiaries as there may be tax consequences relating to gifting or generation-skipping depending on the new beneficiary.

Expenses for room and board and computer equipment and technology are subject to certain eligibility requirements.

The BlackRock CollegeAdvantage 529 Plan is designed to be a Qualified Tuition Program under Section 529 of the Internal Revenue Code. The Plan is sponsored by the state of Ohio. If you are not an Ohio taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.

An investor should consider the investment objectives, risks, charges and expenses associated with municipal fund-based securities before investing. More information about municipal fund securities is available in the issuer's Program Description. You may obtain a Program Description by clicking here or calling 866-529-8582. The Program Description should be read carefully before investing.

Any investment in a BlackRock CollegeAdvantage mutual fund-based investment option is not insured or guaranteed by the FDIC or any other governmental agency or other party, including the custodian/state of Ohio, the Tuition Trust, BlackRock or any of the mutual fund firms under contract with the Ohio Tuition Trust Authority. An investment in a BlackRock CollegeAdvantage mutual fund-based investment option is not a direct investment in a mutual fund itself. Participants assume all investment risk of an investment in the BlackRock CollegeAdvantage 529 Plan, including the potential loss of principal and liability for penalties such as those levied for non-educational withdrawals. Regular investing does not ensure a profit or protect against a loss in a declining market. The amount actually available for withdrawal will depend on the investment performance of the investment options chosen.

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* Not FDIC Insured * No Bank Guarantee * May Lose Value

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