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Build their future now with the Minnesota 529 College Savings Plan

A flexible and tax-advantaged way to save for college.

How our 529 works

A bright future starts with college savings

Give the gift that can last a lifetime. Plus, open an MNSAVES account today and contribute by 12/29 to maximize your state tax benefits.

Learn more

Why the Minnesota 529 College Savings Plan (MNSAVES)?

We offer a wide range of benefits that aim to meet your college savings needs—whatever they are and whenever they happen.

Explore Benefits

Unique tax advantages

100% tax-deferred growth, and Minnesota taxpayers can reduce their state taxable income by up to $3,000 per year if married filing jointly.

Limitations apply.1

Flexible

Families can pay for a range of qualified educational expenses, withdraw money as needed and even transfer funds to eligible beneficiaries.2

Range of investment options

Investment options to fit your life situation, risk tolerance and savings goals.

Low fees and expenses

MNSAVES is among the lowest cost 529 plans in the country, which can mean more money for college.3

A history of helping families meet their college savings goals

Established History

Helping Minnesota families save for education for more than 20 years.

Trusted By Thousands

Serving more than 122,000 students.4

Delivering on Promises

Minnesota families have redeemed more than $1.44 billion.4

It takes only 15 minutes and $25 to start saving for college

Step 1

Learn and explore

Learn how the Minnesota 529 College Savings Plan works, its benefits and how the funds can be used.

How our 529 plan works

Step 2

Pick an option

Choose investment options that fit your needs and goals.

Investment options

Step 3

Start saving

Open your Minnesota 529 College Savings Plan account today and begin contributing to your child’s future.

More resources to explore

  • Schedule an appointment

    Schedule a free consultation with a MNSAVES college savings specialist.

    Book a consultation

  • Join a webinar

    Supplement your knowledge by attending a live webinar with a MNSAVES program specialist.

    RSVP for a session

  • Morningstar medalist

    The Minnesota 529 College Savings Plan receives a Morningstar medal!5

    Review our rating