Georgia 529 Plan

Georgia offers one 529 college savings plan, a traditional 529 savings plan called the Path2College 529 Plan. Saving for college has never been easier thanks to the Georgia 529 Plan. 

Path2College 529 Plan

Path2College 529 Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.

Type: Direct - Georgia's 529 plan can be purchased directly.

Fund Family: TIAA-Cref

Minimums: To get started you can deposit $25 or set up an automatic payroll deduction of $15.  The minimum subsequent contribution to Georgia's 529 plan is $25 unless you choose to automatically deduct from your paycheck. With this option, you can contribute $15.

Maximum Contributions:  The plan accepts contributions until all account balances in the Path2College 529 Plan for the same beneficiary reach $235,000. 

Tax Benefits:  Good news for Georgia residents -- by investing in your state's 529 plan, you can deduct up to $2,000 on your state income taxes.  You also get federal income tax benefits as you do not pay income tax on your earnings.  Out-of-state participants still get the federal tax benefits.

Residency: The Path2College Plan is open to all United States residents, not just those in Georgia.

You can learn more about the this 529 plan at the official web site.