Skip Navigation

Related Links

Info Center

Plan FAQ

FAQ

Frequently asked questions – Minnesota College Savings Plan

Calculate

Calculate

Start your college plan by calculating your savings need

Compare

Compare

Compare college savings options using this tool

Risk Tolerance

Take Our Risk Quiz

Assess your investment risk tolerance

Tell a Friend

Tell a Friend

Let a friend know about the Minnesota College Savings Plan

We're here to help

You don't have to do this alone. Grandparents, relatives and friends can also be an excellent source of help when saving for a college education.

Family members can help you reach your college savings goal. They can open an account or contribute to an existing account for as little as $25. Their contributions may also be eligible estate and gift tax benefits.

Consider all your sources when saving for a college education. In addition to what you contribute to a 529 plan, seek all funding opportunities like grants and scholarships, education tax credits and deductions, loans, and Work Study¹.

¹Table 1. Total Student Aid and Nonfederal Loans Used to Finance Postsecondary Education Expenses in Constant (2008) Dollars (in Millions), 1998-99 to 2008-2009 Trends in Student Aid, 2009, The College Board, 2009-10

We are here to help.

tiaa cref

financial services for the greater good

Minnesota Office of Higher Education

The Minnesota College Savings Plan is administered by the Minnesota Office of Higher Education. TIAA-CREF Tuition Financing, Inc. (TFI) serves as Plan Manager.

Consider the investment objectives, risks, charges and expenses before investing in the Plan. Please call toll-free 1-877-338-4646 or click here for a Disclosure Booklet containing this and other information. Read it carefully. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss.

Before investing in a 529 plan, you should consider whether the state you or your designated beneficiary reside in or have taxable income in has a 529 plan offering favorable state income tax or other benefits only available if you invest in that state's 529 plan.

The tax information contained herein is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

Non-qualified withdrawals may be subject to federal and state taxes and the additional 10% federal tax.

The Plan Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Booklet.

The Plan Web site contains links to other Web sites. Neither the Plan nor TFI and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

C49349