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Start saving today in a Vanguard 529 account

It's fast and easy to get started online.

3 things you'll need to start your 529 savings account

1. Basic information

Have the Social Security number, birth date, and address of the beneficiary of the 529 account (as well as your own).

2. Investment choices

If you're saving for higher education, you can pick one of our Target Enrollment Portfolios, which are portfolios that automatically adjust for you based on the year in which your beneficiary will enroll in school, or you can assemble your own investment strategy from our individual portfolios.

Keep in mind that you can use Target Enrollment Portfolios to save for more than college. K–12, graduate school, trade school, and apprenticeships are eligible goals as well.

3. Bank information

If you're going to make your first contribution through an electronic bank transfer, you'll need your bank account and routing numbers. You can also set up automatic contributions from your bank account to your 529 account.

Fees & other details

  • No enrollment fees, transfer fees, or commissions.
  • Minimum initial investment of $3,000 ($1,000 for Nevada residents); minimum additional investment is just $50.
  • Total contribution limit is $500,000.

The Vanguard 529 College Savings Plan is a Nevada Trust administered by the office of the Nevada State Treasurer.


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The person you're opening the account for, or the future student. This person doesn't have control of the money in the account, but can use the money from the plan for school costs. The account owner controls the money on behalf of the beneficiary.

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Tax law update

On December 22, 2017, the president signed new tax legislation into law. The following describes several new provisions related specifically to 529 plan accounts, beginning with the 2018 tax year:

  • Account owners can use assets to pay for qualified K-12 expenses up to $10,000 per year per student.
  • Account owners can treat K-12 withdrawals as qualified expenses with respect to the federal tax benefit. The tax treatment of such withdrawals at the state level (determined by the taxpayer’s state of residence) is less clear, and states may ultimately determine the treatment of these withdrawals independently. Account owners should consult their tax advisors for further guidance.
  • Account owners can roll over 529 plans to ABLE plans, up to the ABLE annual contribution limit. States may need to expand the definition of qualified withdrawals to include rollovers into ABLE plans. Without a change to the definition, such rollovers could be categorized as nonqualified withdrawals.

We'll provide more information as additional details about the effects of the tax bill become clear. We encourage you to consult a qualified tax advisor about your personal situation.