This post is sponsored by the
Kansas Learning Quest® 529 Education Savings Program.
Eligible to Use for More Than College
While most people think of 529’s mostly for college savings, did you know that you can use the funds for private school tuition from kindergarten through 12th grade as well? The best part is that the earnings in a 529 account grow tax-free, and withdrawals for qualified education expenses, like private school tuition, are also tax-free. It can also be used for other education-related costs like fees, books, and even certain supplies. If you don’t use it for private school, it rolls over to college and future schooling. The flexibility is great for parents.
Prioritizing a 529 Plan After Daycare Expenses
Finding extra money to save for college seems daunting when everything is so expensive. Families that are used to regular daycare payments can allocate those funds once children enter kindergarten. Investing early and regularly as possible will allow the money to grow over time, so your 529 will be there when your pre-k student moves on to college!
Anyone Can Contribute to Your Child’s 529
When your children are born, college seems so far away, but it creeps on parents faster than you think. With daily expenses of raising children, its hard to imagine also saving for college. Did you know that almost anyone can contribute to your children’s 529 plan to help grow the account, including grandparents, aunts, uncles and friends? They make great birthday, holiday and graduation gifts.
Disclosures
Before investing, carefully consider the plan’s investment objectives, risks, charges and expenses. This information and more about the plan can be found in the Learning Quest Handbook, available by contacting American Century Investment Services, Inc., Distributor, at 1-800-579-2203, and should be read carefully before investing. If you are not a Kansas taxpayer, consider before investing whether your or the beneficiary’s home state offers a 529 plan that provides its taxpayers with state tax and other benefits not available through this plan.
The availability of tax or other state benefits (such as financial aid, scholarship funds and protection from creditors) may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.
The earnings portion of non-qualified withdrawals is subject to federal and state income taxes and a 10% federal penalty.
As with any investment, it is possible to lose money by investing in this plan. The value of your Learning Quest account may fluctuate, and it is possible for the value of your account to be less than the amount you invested.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
Notice: Accounts established under Learning Quest and their earnings are neither insured nor guaranteed by the state of Kansas, the Kansas State Treasurer or American Century.
This information is for educational purposes only and is not intended as tax advice.
Administered by Kansas State Treasurer
Managed by American Century Investment Management, Inc.
©2025 American Century Proprietary Holdings, Inc. All rights reserved.
