Minnesota 529 College Savings Plan Announces Website Update
New Updates Offer Enhanced User Experience for Account Owners
published August 8, 2023
St. Paul, Minn. (August 8, 2023) – The Minnesota 529 College Savings Plan (MNSAVES) is excited to announce updates to its website. On Friday, July 27, 2023, MNSAVES launched a new website with more helpful tools, better organized information, and a wealth of focused resources to help Minnesotans reach their education saving goals.
Families can rest assured that MNSAVES still offers the same great plan and tax benefits, but now with an enhanced, easier-to-use website experience.
Existing account owners will see no changes to their accounts and do not need to take any action as a result of the updates. The simple login process and all account details will remain the same.
“By updating our website, we’re making it easier for parents and grandparents to learn more about the MNSAVES plan and pursue their saving goals,” said Jim Mandler, senior marketing manager for the Minnesota 529 College Savings Plan.
“We want to help Minnesotans through their entire college savings journey, and this website update is one way we continue to provide support,” Mandler stated.
Updated Website & App: The improved website offers easier navigation to learn about investment options and benefits, quick answers to common savings questions, several tools to help Minnesota families determine their risk tolerance, forecast the future cost of attending a specific college or university, and resources for Minnesota financial professionals and employers.
About the Minnesota 529 College Savings Plan
The Minnesota 529 College Savings Plan (MNSAVES), Minnesota’s official 529 college savings plan, makes it easier for families to save for higher education expenses. It takes just $25 and 15 minutes to open an MNSAVES account, and funds saved can be used at eligible colleges and universities, community and technical colleges and graduate schools nationwide, and many abroad. In addition to tuition, funds may be used for certain room and board expenses, books, supplies, or other qualified expenses.
To learn more about MNSAVES and to open an account, visit mnsaves.org.
To learn more about the Minnesota College Savings Plan, its investment objectives, risks, charges and expenses please see the Plan Description at mnsaves.org. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Minnesota College Savings Plan. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan. If the funds aren't used for qualified higher education expenses, a federal 10% penalty tax on earnings (as well as federal and state income taxes) may apply.