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Open your account now

Here's how to take the first steps on your college savings journey.

Step 1: Find out if The Vanguard 529 Plan is your best option

Step 2: Choose your investments

If you're saving for higher education, after figuring out your comfort with risk, consider a Target Enrollment Portfolio to make investing as easy as possible.

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.

Step 3: Open your 529 account

Here's what you'll need:

  • Your personal information (name, address, Social Security number, etc.).
  • Your beneficiary's name, birth date, and Social Security number.
  • Your banking information (bank account number and routing number), if you're going to make your first contribution using an electronic transfer.
  • Your investment selections.
Open a Vanguard 529 account

We're here to help

Talk with one of our education savings specialists.

Call 866-734-4533

Monday through Friday
8 a.m. to 8 p.m., Eastern time


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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.