Iowa Educational Savings Plans Trust

A Message from the Treasurer

Treasurer Smith, his wife, two daughters and two sons posing for a picture in a wooded area.Welcome to an easy way to save for education.

Parenting is hard, but saving for education doesn’t have to be. College Savings Iowa helps families just like yours save for qualified education expenses on a tax-advantaged basis, while also giving your money the opportunity to grow through a variety of investment options.

Want to learn more? Let’s debunk some of the myths you might have heard.

Myth: Only parents can open an account.

Fact: Anyone, including family members, friends and even neighbors, can open a College Savings Iowa account for a student in their life. You don’t even have to be an Iowan and neither does the student. Discover more about opening an account.

Myth: Funds can only be used for traditional colleges.

Fact: Money you save in a College Savings Iowa account can be used at any eligible education institution in the U.S. and abroad, including colleges, universities, trade schools and apprenticeship programs. It can even be used for K-12 tuition. Discover more about qualified expenses.

Myth: Money can only be spent on tuition.

Fact: Your investments can be used to pay for tuition, room and board, books, supplies and more without any tax penalties.1 Discover more about qualified education expenses and tax benefits.

Myth: Saving won’t make a difference.

Fact: Whether you have a newborn or a soon-to-be graduate, saving now could cost much less than borrowing later. Plus, the benefits of saving go beyond the investments – it also does a wonder for the confidence of a child. Discover more about the benefits of saving

As a father of four, I know as well as you do that time with our children goes fast. Start saving today with as little as a $25 contribution and just 10 minutes of your time. Your future scholars will thank you for it!


Roby Smith
Iowa State Treasurer

1Earnings on nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

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