All posts by edvest529

Edvest, Wisconsin’s College Savings Plan, Renews Plan Manager Through 2020

MADISON, Wis. (July 26, 2017) – Edvest, Wisconsin’s direct-sold 529 college savings plan will continue with plan manager TIAA-CREF Tuition Financing, Inc. (TFI) through October of 2020. The state of Wisconsin renewed the contract for a three-year term. A leader in 529 college savings plan management, TFI first partnered with Edvest and the State of Wisconsin in October of 2012 and continues to support the plan’s growth and dedication to helping families save for the rising costs of higher education. Tomorrow’s Scholar, Wisconsin’s advisor-sold 529 plan, was also renewed for a three-year term. TFI sub-contracts plan management to Voya Investment Management.

Notable Edvest developments include:

  • Reduced fees. Edvest is even more affordable for families saving for college with reduced annual asset-based fees, including no sales commissions, no annual maintenance fee and no application fee. The total plan fees now range from 0.00% to 0.43% depending on the portfolio selected. Edvest ranks as the sixth lowest cost direct-sold 529 plan in the U.S. according to Strategic Insights 529 College Savings Quarterly Fee Analysis, Second Quarter 2017.
  • A variety of investment options. Edvest’s investment choices now number 17 and include age-based options that automatically adjust to a more conservative risk level as the beneficiary gets older. To see a complete list of investment options, visit Edvest.com.
  • Enhanced mobile access and social media presence. Edvest launched a redesigned website accessible from mobile devices with helpful planning tools and increased the plan’s social media presence, which offers followers Plan update and reminders, relevant college savings tips and The Buzz, Edvest’s blog.
  • Easy ways to contribute and gift. Edvest makes is easy to gift with a variety of simple and secure ways to contribute to accounts, including the online eGift option and new Edvest gift cards, available in physical, email and mobile options.

In addition to ongoing plan improvements and growth, Edvest continues to offer several key savings advantages for Wisconsin families:

  • State and federal tax advantages. Contributions to Edvest can reduce the taxable income of Wisconsin residents up to $3,140 per beneficiary per year. If contributions are greater than the maximum state tax benefit, you may carry forward the balance until exhausted. All account earnings are tax free at the state and federal level when used for qualified education expenses. Some limitations may apply. Please see the Disclosure Booklet for more details.
  • Family and friends may contribute. Parents, grandparents, and other relatives and friends living in any state across the country can open and/or contribute to a beneficiary’s account. Wisconsin residents may also be eligible for state tax benefits.
  • Use at any eligible institution for a variety of qualified expenses. Edvest funds can be used for tuition and other qualified expenses such as room and board, books, computers, tablets and internet access at universities, colleges, technical colleges, graduate schools and professional schools across the country and many schools abroad.

Edvest continues to expand with more than $2.81 billion in assets, 161,356 accounts and growth in all of Wisconsin’s 72 counties in 2017.

SavingforCollege.com recently ranked Edvest as one of the Top 10 in 529 Performance and awarded the program a 5-Cap Rating1, which indicates that a 529 plan offers outstanding flexibility, attractive investments and additional economic benefits. Edvest also received a bronze rating from Morningstar Inc.2, and was ranked as the 529 plan with the fourth lowest fees in the nation by Strategic Insight3.

For more information or to open an Edvest account today, please visit Edvest.com. Edvest’s college savings specialists are also available Monday through Friday 7 a.m. – 7 p.m. toll-free at 1.888.338.3789.

  • State and federal tax advantages. Contributions to Edvest can reduce the taxable income of Wisconsin residents up to $3,140 per beneficiary per year. If contributions are greater than the maximum state tax benefit, you may carry forward the balance until exhausted. All account earnings are tax free at the state and federal level when used for qualified education expenses. Some limitations may apply. Please see the Disclosure Booklet for more details.
  • Family and friends may contribute. Parents, grandparents, and other relatives and friends living in any state across the country can open and/or contribute to a beneficiary’s account. Wisconsin residents may also be eligible for state tax benefits.
  • Use at any eligible institution for a variety of qualified expenses. Edvest funds can be used for tuition and other qualified expenses such as room and board, books, computers, tablets and internet access at universities, colleges, technical colleges, graduate schools and professional schools across the country and many schools abroad.

Edvest continues to expand with more than $2.81 billion in assets, 161,356 accounts and growth in all of Wisconsin’s 72 counties in 2017.

SavingforCollege.com recently ranked Edvest as one of the Top 10 in 529 Performance and awarded the program a 5-Cap Rating1, which indicates that a 529 plan offers outstanding flexibility, attractive investments and additional economic benefits. Edvest also received a bronze rating from Morningstar Inc.2, and was ranked as the 529 plan with the fourth lowest fees in the nation by Strategic Insight3.

For more information or to open an Edvest account today, please visit Edvest.com. Edvest’s college savings specialists are also available Monday through Friday 7 a.m. – 7 p.m. toll-free at 1.888.338.3789.

About Edvest

Edvest is Wisconsin’s 529 College Savings Plan designed to help families save for higher education expenses. Account owners can choose from 17 investment portfolios, enjoy one of the lowest cost 529 plans in the U.S., and take advantage of in-state tax benefits for Wisconsin residents.

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Did you know? Edvest has a 5-Cap Rating!

Edvest College Savings Plan is happy to announce that it has received SavingforCollege.com’s 5-Cap Rating for Wisconsin residents for the fourth consecutive year! Edvest offers attractive plan features such as a Wisconsin state tax deduction of up to $3,140 per beneficiary, a wide range of investment choices as well as little to no fees, including no sales commissions, no annual maintenance fee, and no application fee. Edvest also received a 4.5-Cap Rating for non-Wisconsin residents.

“We’re excited to maintain our 5-Cap Rating from SavingforCollege.com,” said Jessica Fandrich, Officer for Wisconsin’s 529 College Saving Plan. “Wisconsin families are counting on Edvest to help make their college and technical college dreams a reality and we are committed to offering a plan our account holders can count on year-after-year.”

529 plan like Edvest provide outstanding flexibility, attractive investments as well as additional economic benefits, such as state tax benefits. Only 17 college savings plans nationwide received the top rating.

*Source: Savingforcollege.com, July 12, 2017.The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and 4.5-Cap Rating for non-residents. A 5-Cap Ratings represents the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5-Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor of future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective. Before establishing a 529 account and making contributions, it is imperative that investors read and understand all enrollment materials and disclosures from the programs.

Wisconsin’s College Savings Program turns 20!

Using 529 plans makes saving for college easier and more affordable for families. But, did you know the option wasn’t always available?

Congress created the state plans in 1996 by writing a section of IRS tax code – section 529 – that allowed states to offer the option to families. On July 7, 1997, Wisconsin opened its first prepaid Tuition Unit college savings accounts, pre-cursor to the popular Edvest (direct-sold) and Tomorrow’s Scholar (advisor-sold) plans.

Over the last 20 years, the Wisconsin College Savings Program has helped thousands of families save for their child’s higher education expenses. Edvest and Tomorrow’s Scholar have grown to more than $4.4 billion in assets and over 200,000 accounts. More than $3 billion has been distributed over the years to pay for college expenses—dollars that did not have to be borrowed in the form of student loans.

20 Years of Connecting with People

Edvest, Wisconsin’s direct-sold college savings plan isn’t the same program it was 20 years ago – and that’s great! As the needs of families change, Edvest is committed to changing along with them offering lower costs, a wider selection of investment options and digital access to your accounts and Plan news.

Today, Edvest ranks as the fifth lowest-fee 529 plan in the nation1 and decreased fees by more than 60% in October 2012. Age-based investments are now offered, which automatically shift from an aggressive to a conservative mix as a child ages.  And Wisconsin’s state tax benefit for Edvest and Tomorrow’s Scholar is now linked to an inflation calculation and includes a carry-forward provision.

Families can now log on to Edvest.com to open or manage their account across multiple devices virtually anywhere. It’s easy for everyone to stay connected with Edvest through social media, a phone call, or at in-person events and appearances throughout the state (Wisconsin Farm Technology Days is coming up in Kewaunee County, July 11 to 13 – will we see you there?).

20 Years of Excellence

In 2016, Edvest again received a 5-Cap Rating2 for in-state residents by SavingForCollege.com – the highest rating given by the organization – for its overall attractiveness to investors. Edvest has also maintained a Bronze Rating3 by Morningstar in the organization’s annual review of 529 plans.

We know Wisconsin families are counting on us to help their little ones’ dreams come true. That’s why we worked hard over the last 20 years to be a plan you can count on, and why we will keep working hard at that for the next 20 years and beyond.

 

1The Strategic Insight 529 College Savings Quarterly Fee Analysis (Q1 2017) is based on program descriptions and participating agreement documents gathered by a third-party research firm and analyzed by Strategic Insight. As part of the process, Strategic Insight analyzes the 529 program manager and state agency disclosure statements, press releases and organization websites to ensure data quality and categorization. The average minimum, maximum and total annual asset based fees at the plan levels are calculated via an un-weighted index average, or arithmetic mean method.

2Source: Savingforcollege.com, January 5, 2016. The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and non-residents. A 5-Cap Rating represents the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5-Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor for future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective. Past performance does not guarantee future results.

3Source: http://news/morningstar.com. In an annual review (10/25/2016) of the largest 529 college-savings plans (63 total), Morningstar identified 33 plans that rose above their typical peers, awarding those plans Gold, Silver, and Bronze Morningstar Analyst Ratings for 2016. These forward-looking, qualitative ratings signal Morningstar’s conviction in the plans’ abilities to outperform their relevant benchmark and peer groups on a risk-adjusted basis over the long term. Morningstar evaluates college-savings plans based on five key pillars–Process, Performance, People, Parent, and Price. For more information about Morningstar’s overview of Edvest go to 529.morningstar.com. Past performance does not predict future results.

To learn more about the Wisconsin College Savings Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at edvest.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the money isn’t used for qualified higher-education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.  Check with your home state to learn if it offers tax or other benefits for investing in its own 529 plan.

Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances.

Neither TIAA-CREF Tuition Financing, Inc., nor its affiliates, are responsible for the content found on any external website links contained herein.

TIAA-CREF Tuition Financing, Inc., Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Wisconsin College Savings Plan.

All social media platforms are managed by the State of Wisconsin.

Three Reasons Edvest is the Perfect Grad Gift

Whether your child is graduating kindergarten or eighth grade, now is the time to start saving for college. Help your future graduate be ready for the cost of higher education by opening or contributing to an Edvest 529 College Savings Plan account today.

Here are three great reasons why Edvest makes the perfect gift for any grad:

Reason #1: State and Federal Tax Benefits

Any earnings on your Edvest account are state and federal tax-free when used to pay for qualified college expenses. Wisconsin also offers a tax benefit for state residents who contribute to an Edvest account, which was recently raised to $3,140 per beneficiary!

Reason #2: Easy to open, easy to maintain

Opening an Edvest account is easy; all you need is 15 minutes, the beneficiary’s social security number and birth date. Log in securely to view account activity, invite friends and family to eGift, and perform updates as needed.

Reason #3: So many ways to use Edvest funds

Funds saved through Edvest can be used at colleges, technical schools, and grad schools nationwide and abroad on books, room and board, computers/tablets or other qualified expenses – not just tuition.

Giving the Gift of Education

Family and friends can help you save for college by gifting to a child’s Edvest account this graduation season. With a variety of easy options, it’s never been easier to contribute!

Convenient giving options include:

  • Open and fund an Edvest account
  • Gift by check or electronic transfer from a bank account
  • Invite family & friends to eGift securely, online
  • Purchase an Edvest gift card at Edvest.com

Why Edvest?

In addition to the benefits listed above, SavingforCollege.com recently ranked Edvest as one of the Top 10 529 plans for investment performance and awarded the program a 5-Cap Rating*, which indicates that a 529 plan offers outstanding flexibility, attractive investments, and additional economic benefits.

To learn more, visit Edvest.com or call 1-888-338-3789.

*Source: Savingforcollege.com, December 1, 2016.The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and 4.5-Cap Rating for non-residents. A 5-Cap Rating represents the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5-Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor of future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective. Before establishing a 529 account and making contributions, it is imperative that investors read and understand all enrollment materials and disclosures from the programs.

To learn more about the Wisconsin’s College Savings Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at edvest.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the money isn’t used for qualified higher-education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.  Check with your home state to learn if it offers tax or other benefits for investing in its own 529 plan.

Taxpayers should eek advice from an independent tax advisor based on their own particular circumstances.

Neither TIAA-CREF Tuition Financing, Inc., nor its affiliates, are responsible for the content found on any external website links contained herein.

TIAA-CREF Tuition Financing, Inc., Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Wisconsin College Savings Plan.

All social media platforms are managed by the State of Wisconsin.

 

 

 

Save More for College with Edvest

Good news for Wisconsin families! The Edvest 529 College Savings Plan’s Wisconsin tax benefit has been raised to $3,140 for each future student!  The increase also applies to Tomorrow’s Scholar, Wisconsin’s financial advisor-sold 529 college savings plan.

What This Means for You

Simply put, Edvest account holders may enjoy significant tax benefits while preparing for the cost of higher education.

Wisconsin residents, regardless of their relationship to a child, may reduce their state taxable income by up to $3,140 for each future student per year ($1,570 for divorced parents). Meaning that if you have accounts for two of your children or grandchildren, you may be eligible for a state tax deduction of up to $6,280. Three accounts…$9,420 and so on.

Plus, any earnings on your Edvest account are tax-free at both the state and federal level when used to pay for qualified college expenses.

Carry Forward for Future Tax Benefits

Are you rolling over balances from another 529 plan or plan to make a contribution from savings, inheritance or bonus? If your contributions are greater than the maximum state tax benefit of $3,140, you may carry forward the balance until exhausted.

Super Fund!

You might find you want to make a larger gift but you’re hesitant to commit. What will it mean for you during tax time? What are the implications to your estate? First, speak with your financial planner, tax attorney or estate planning attorney. Then consider giving the gift of higher education to the child in your life! There’s no federal gift tax on contributions up to $14,000 per year for single filers and $28,000 for married filers.

You can even accelerate that gift in one year by gifting amounts up to $70,000 for single filers and up to $140,000 for married filers if pro-rated over 5 years. This means you could make a one-time gift equivalent to the 5-year amount and it could all qualify for the federal gift tax exclusion. Consult your tax advisor.

Why Save with Edvest?

SavingforCollege.com recently ranked the Edvest College Savings Plan as one of the Top 10 Performing 529 College Savings Plan and previously awarded the program a 5-Cap Rating for the Plan’s flexibility, attractive investments and additional economic benefits.*

Preparing for the cost of higher education with Edvest can make a difference. Your Edvest funds may be used at colleges, technical schools and grad schools nationwide and many schools abroad. Pay for tuition, room & board, books, computer/tablets and internet access, and other qualified expenses. To learn more, visit Edvest.com or speak to an Edvest College Savings Specialist Monday through Friday from 7 am to 7 pm at 1-888-338-3789.

*Source: Savingforcollege.com, December 1, 2016.The Edvest College Savings Plan received a 5-Cap Rating for Wisconsin residents and 4.5-Cap Rating for non-residents. A 5-Cap Ratings represents the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5-Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor of future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective. Before establishing a 529 account and making contributions, it is imperative that investors read and understand all enrollment materials and disclosures from the programs.

To learn more about the Wisconsin’s College Savings Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at edvest.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the money isn’t used for qualified higher-education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.  Check with your home state to learn if it offers tax or other benefits for investing in its own 529 plan.

Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances.

Neither TIAA-CREF Tuition Financing, Inc., nor its affiliates, are responsible for the content found on any external website links contained herein.

TIAA-CREF Tuition Financing, Inc., Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Wisconsin College Savings Plan.

All social media platforms are managed by the State of Wisconsin.

529 Day Fast Facts

In recognition of 529 Day – May 29th – we’re sharing some quick facts about higher education costs, and about Edvest, Wisconsin’s official 529 College Savings Plan. (Get it? 5/29?) On to the facts!

The average monthly student loan payment for grads age 20 – 30 is $351.

That’s money that could be going to a car payment, rent, or savings for a down payment on a home. Saving now may really help their quality of life later.

Source: clevelandfed.org

Every $1 in savings is equal to $2 in student debt.

Repaying loans means repaying the amount borrowed plus interest. By contrast, your savings is just your savings and any earnings that may accumulate in your Edvest account is just more money that can go to higher education expenses. Learn more about saving versus borrowing here.

Another day you don’t save is a missed opportunity!

It’s as simple as visting Edvest.com and selecting Open an Account. Have your future student’s birthdate and social security number handy, and you’re ready to start saving. Questions? Just call us! College savings specialists are available Monday thru Friday, 7 am – 7 pm toll-free at 1.888.33.3789.

College savings for anyone.

You just need to be 18 years old with a valid social security number. That means you can open an account for your kid sister, child, grandchild, cousin, niece, best friend’s son…anyone. (Even yourself!)

Edvest is for tuition and more.

Yes, you can use Edvest funds for tuition. You can also use the funds for qualified education expense such as room and board, books, computers/tablets and Internet access, and more.

Go to the school of your choice.

Edvest doesn’t limit where your funds can be used. You can use your Edvest funds at public or private colleges, universities, technical colleges, graduate schools, or certificate programs in Wisconsin, out of state, and many schools abroad.

Edvest has tax benefits

Wisconsin residents who contribute to an Edvest account may be eligible to reduce their state taxable income. Any earnings on the account may grow tax-free. Plus, funds may be withdrawn free from state and federal taxes when used for qualified expenses.

Ready to celebrate 529 Day? Open an account or contribute to one now at Edvest.com.

Money Smart Week Wisconsin

Saturday, April 22, 2017 (All day) to Saturday, April 29, 2017 (All day)

Money Smart Week is a  week-long public awareness campaign by governmental and community organizations to promote the importance of financial literacy and help consumers better manage their personal finances through hundreds of financial education events and courses. More information on the Money Smart Week website. Learn more about a free Student Loan Assistance Event,  April 22nd  from 9 AM to 2 PM.

Tax Time and Super Funding

It’s Not Too Late! Take Advantage of Edvest’s Tax Time Benefits Today.

Although the April 18th tax deadline is quickly approaching, you still have time to contribute to an existing Edvest College Savings Plan account or open a new account to be eligible for a state tax deduction of up to $3,100 per child. Limitations may apply. See Plan Disclosure Booklet.

Enjoy Significant Tax Benefits while Saving for College!

Wisconsin residents, regardless of their relationship to a child, can reduce their state taxable income up to $3,100 per beneficiary per year. Meaning that if you have accounts for two of your children or grandchildren you may be eligible for a state tax deduction of up to $6,200. Three accounts… $9,300 and so on.

Plus, Edvest investment earnings grow tax-deferred and are tax-free at both the state and federal level when used to pay for qualified college expenses.

Carry Forward for Future Tax Benefits

Are you rolling over balances from another 529 plan or plan to make a large contribution from savings, inheritance or bonus? If your contributions are greater than the maximum state tax benefit, you may carry forward the balance until exhausted.

Want to Really Build your College Savings? Super Fund.

You might find you want to make a larger donation to a child’s account but you’re hesitant to commit. What will it mean for you during tax time? What are the implications to your estate? Don’t worry, you can give with confidence and it won’t adversely impact your tax situation. In fact, there’s no federal gift tax on contributions up to $14,000 per year for single filers and $28,000 for married filers.

If you wish to make a larger contribution, there’s an option to gift amounts up to $70,000 for single filers and up to $140,000 for married filers if pro-rated over 5 years. This means you could make a one-time gift equivalent to the 5-year amount and it could all qualify for the federal gift tax exclusion. Consult your tax advisor.

Why Save with Edvest?

As the cost of higher education continues to rise, it is important to start saving early. Today, $351 is the average monthly student loan payment for an American adult borrower, ages 20-30. $351.* The good news, however, is that, one dollar in college savings is worth about $2 of student debt, proving what many of us already know: it’s cheaper to save earlier than to pay debt later.

Saving makes a difference and Edvest makes it easy to do just that. Funds saved through Edvest can be used at colleges, technical schools and grad schools nationwide. Plus, funds may be used for books, supplies, or other qualified expenses – not just tuition. To learn more, visit Edvest.com or call 1-888-338-3789.

And remember, any Edvest account opened and funded before April 18, 2017 may still be eligible for 2016 tax benefits!

*Source: “Is there a student loan crisis? Not in payments.”, Forefront, May 16, 2016.

 

To learn more about the Wisconsin’s College Savings Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at edvest.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. If the money isn’t used for qualified higher-education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.  Check with your home state to learn if it offers tax or other benefits for investing in its own 529 plan.

Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances.

College Savings Resources for Educators

Edvest is pleased to be attending the 2017 Wisconsin State Education Convention for the fourth straight year. Conference attendees are welcome to stop by Booth 904 to learn more about Wisconsin’s official college savings plan. And if you’re not attending, here’s a quick reminder of your college savings resources:

Order free Edvest informational kits and brochures

Request a college savings speaker or an Edvest booth

Calculate college costs

Get the facts on Federal Student Aid

LookForwardWI.gov

College Savings Plan Network

Help us share the importance of saving for college among Wisconsin families! The Federal Reserve reports that as of March 2016, U.S. student loan debt is more than $1.3 trillion. However, saving for higher education expenses can help. It’s estimated for every $1 saved, you save $2 in student loan debt.

Edvest is Wisconsin’s 529 College Savings Plan designed to help families save for higher education expenses. It takes just $25 and 15 minutes to start an Edvest college savings account. Account owners can choose from 17 investment portfolios while enjoying one of the lowest cost 529 plans in the country along with in-state tax advantages for Wisconsin residents. Learn more at Edvest.com.