Your plan is financial aid friendly

Your 529 account is typically viewed as a parental asset for financial aid purposes and may count less against aid eligibility than the same funds held in your child's name.¹

Your child has options

For OK taxpayers, savings can be applied to any eligible college or university across the country and abroad; community college; Career Tech professional and graduate schools; and even apprentice programs registered and certified with the Secretary of Labor under the National Apprenticeship Act; K-12 tuition; and student loan repayment. Withdrawals for tuition expenses at a public, private or religious elementary, middle or high school; registered apprenticeship programs; and student loans can be withdrawn free from federal and Oklahoma income tax. If you are not an Oklahoma taxpayer, these withdrawals may include recapture of tax deduction, state income tax as well as penalties. You should talk to a qualified professional about how tax provisions affect your circumstances. Limitations apply.²

You have more control

You're never locked in and can withdraw your funds for any reason at any time.³

You enjoy more flexibility

Funds in your child's account are transferable to another eligible family member, which includes siblings, stepchildren, parents, even first cousins.