How to open a College Savings Iowa 529 account
Once you are ready to open your account, here is what you can expect.
First, you will provide some basic information:
- Your Social Security number.
- Your birth date.
- Your beneficiary's Social Security number.
- Your beneficiary's birth date.
Next, you will set up your account by …
- Choosing your investment option(s).
- Selecting your contribution method—with payments as little as $25.
Note: If you are going to make contributions electronically, you will need your checkbook handy for bank routing and account numbers.
- Deciding how you want to receive confirmations and updates from us.
Finally, you will confirm your information
Once you review and submit your information, you will be on your way to saving for education!
What happens next?
Continue to make contributions
Contribute to your College Savings Iowa 529 account whenever it is convenient—by recurring contributions (also known as automatic investment plan, or AIP),* electronic bank transfer, or check.
Monitor your investments
No matter which investment(s) you choose, it makes sense to review your account periodically. Simply log on to your account for online access to statements and performance information.
Pay qualified education expenses
When you request a withdrawal to pay for qualified higher-education expenses, you can have the money sent to yourself, the student or the eligible school. For withdrawals for K-12 tuition, you can have the money sent to yourself or to the K-12 institution. You cannot request a withdrawal for K-12 tuition to be sent directly to the student.