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529 Savings Plans

Tax-advantaged, flexible, and convenient. Learn about BlackRock’s 529 plans, navigate your investment strategy, and access benefits for advisors like you and your clients. It’s never too early or late to start investing for education.

Facts on 529 plans


Use any state's plan

Invest in ANY 529 plan and use plan assets at ANY eligible school around the country or abroad.1


529s are for more than college tuition

529 plans are flexible. Account assets can be used to pay for many qualified education expenses.


Easily transfer plan benefits.

Unlike other education savings and investment options, a 529 account owner controls the account. That means the account owner can change the beneficiary to another eligible member of the family.

Why 529 plans?

Next to retirement, saving for education is the second most important goal for many investors. 529 plans serve as a way to invest and save for education while providing additional tax benefits.

Explore the potential advisor and client benefits, and how BlackRock 529s can support education savings needs.

Learn about 529s                Explore more facts

What 529 plans cover

529 plans can be used for:

  • Saving for a child, grandchild, or other student’s education
  • Tuition expenses up to $10,000 annually for K-12 public, private, or parochial schools2
  • Graduate school, continuing education courses, apprenticeship programs3
  • Student loan repayments4
  • Tuition, room and board, fees, books, and supplies5
  • Computer equipment and technology5


Look out for tuition increases

graph of the total cost of a four year education increase

Sources: BlackRock; College Board, “Trends in College Pricing and Student Aid 2021.” Figures include tuition, fees, room and boa rd. Figures for age 18 based on costs for 2021 2022 academic year. Assumes a 5% price increase accounting for inflation and is for illustrative purposes only. As of 09/15/2022.

Between academic years 1991-92 and 2021-22, average tuition fees rose at public and private nonprofit four year institutions, after adjusting for inflation.

As tuition rates continue to increase, 529 plans provide a way for families to save for the cost of education while enjoying tax benefits.

The contributions made to the account grow tax free, and withdrawals used for qualified education expenses are also tax free. Additionally, some states offer tax deductions or credits for contributions made to 529 plans. Costs are projected to escalate by 8% each year and have exceeded annual inflation rates. Early and consistent investing in a 529 plan helps prepare clients for the rising cost of education and provide resources for the long term.

529 plan benefits for advisors

Consider the benefits for your practice when making 529s an everyday part of your client conversations

  • Develop relationships with the next generation of clients
  • Apply a strategic estate planning lens
  • Pave the way to a whole portfolio conversation
  • Prepare clients for education and retirement
  • Provide “tax-alpha” to your clients

529 plan benefits for clients

Unique tax benefits
529 plans in many states offer investors tax benefits for contributions, providing additional incentive for investors to save for educational expenses.6
SECURE 2.0 allows for tax-free transfers from a 529 plan account to a Roth IRA for the designated beneficiary. Transfers are subject to an aggregate limit of $35K.7
Growth potential
Clients can grow and withdraw assets free from federal and some state taxes, where applicable. BlackRock’s 529 plans provide convenient advantages tax free.

Take advantage of state tax benefits

US map with colors orange, yellow, and pink
Tax parity states

These states offer a tax deduction for contributing to any 529 plan, including out of state plans, which may be more attractive than the in-state option.

Tax neutral states

These states offer no 529 state income deductions or income tax credits for 529 plan contributions.

In-state tax benefits

These states offer potential tax breaks on contributions made only to in-state 529 plans

BlackRock 529 plans

Learn about the 529 plans BlackRock has to offer.

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Well, good morning.

I picked my own outfit.

I love it.

Mommy, guess what?

What, baby?

I picked a college. And it's really far away.

When did you grow up?

Yep, I'm a grown-up.

Someday, she really is going to college. So start saving with Ohio's tax-free 529 plan. We make it simple to get your plan on track to meet any savings goal. Someday starts at

An investor should consider the investment objectives, risk, charges, and expenses associated with the municipal fund based securities before investing. More information about municipal fund securities is available in the issuers program description. You may obtain a program description by visiting m/CollegeAdvantage, calling 866-529-8582, or by contacting your financial advisor. The program description should be read carefully before investing.

CollegeAdvantage 529 Plan

Cost: One of the lowest cost advisor-sold 529 plans.8

Choice: Match investment strategies with your clients' goals.

Flexibility: Use any iShares® ETF or BlackRock mutual fund. 

BlackRock CollegeAdvantage is 1 of 3 plans awarded a medal rating by Morningstar, out of 30+ advisor-sold 529 plans.9

CollegeAdvantage 529 investment strategies

Your investment strategy should match your college savings goals. BlackRock CollegeAdvantage offers 3 distinctive investment approaches, allowing financial advisors and clients to choose the best option for their needs. Read more about our menu of investment options and enhance your clients’ savings strategies.
protect pie
Target date
Choose a portfolio based on intended enrollment date and the target date. In the portfolio name is the approximate date when an investor plans to start withdrawing money.
risk cone
Target risk
Based on your preferred risk exposure, select a portfolio that aims to deliver this consistent risk over time and automatically adjusts to a more conservative allocation.
Single strategy
Pick from our menu of 17 investments to build a customized portfolio. Beneficial for clients if you want complete control over your investment selections.

Hi, my name is Paul Colasante In my over 20 years as a financial representative, I’ve had the opportunity to meet with many different people who are at different stages of their lives.

Recently, I had a meeting with a young family. While we were discussing their financial situation and goals, the conversation turned to if they were planning to save for their children’s education.

 We discussed the pros and cons of several options like regular savings, UTMAs, UGMAs, Roth IRAs, and 529s. 

My clients liked the 529 plan for the ability to use it for a wide range of qualified education expenses, the tax benefits and the ability to change the beneficiary and maintain control of the account—just to name a few. 
 We reviewed which investments were best for their situation and then I walked them through the account opening process.

The clients were happy we were able to help them with the funding of their children’s education and that they had someone they could contact through the process. And it was pretty special for me to be part of this investment in their child’s bright future.

So, how can you get started? To learn more about a section 529 plan or NextGen 529, contact your financial professional.

To learn more about NextGen 529, its investment objectives, risks and costs, read the program description available at NextGen for ME dot com. Check if your home state has a 529 plan that offers tax or other benefits.


NextGen 529

NextGen 529 is designed specifically with the needs of investing for education in mind.

High contribution limit: Contribute a maximum of $520,000 per beneficiary.

Convenient investing: Make automated bank transfers or payroll deductions.

Flexibility: choose from the largest number of investment options in any advisor-sold 529