Go to the college you want
When the beneficiary of the account is ready for college, you can rest assured that your CollegeCounts savings will be put to good use with a wide range of qualified expenses and eligible institutions.
Qualified ExpensesSavings can be used for tuition, fees, books, supplies, and equipment required for enrollment. Room and board is also a qualified expense if the student is enrolled at least half-time.
Eligible InstitutionsFunds can be used at institutions of higher education across the nation and even at some foreign schools. Eligible institutions include any college, university, vocational school, or other postsecondary school that’s eligible to participate in a student aid program administered by the U.S. Department of Education. This includes virtually all accredited public, nonprofit, and proprietary (privately owned, for-profit) postsecondary institutions. An educational institution should be able to tell you whether it qualifies as an eligible institution.
Certain educational institutions located outside of the United States participate in the U.S. Department of Education’s Federal Student Aid programs. Search the list to find out whether the school you have in mind is eligible.
The CollegeCounts 529 Fund is a qualified tuition program under Section 529 of the Internal Revenue Code that is sponsored by the State of Alabama and administered by the Board of Trustees of the ACES Trust Fund (the “Trust” and plan issuer). Union Bank & Trust Company serves as Program Manager. Accounts and investments under the CollegeCounts 529 Fund are not insured or guaranteed by the FDIC, the State of Alabama, the State Treasurer of Alabama, the Board, the Trust, the Program, Union Bank & Trust Company, or any other entity.
Before investing, you should consider the investment objectives, risks, fees, expenses, and tax consequences associated with the Program. All of this information is contained in the Program Disclosure Statement. Please read it carefully before investing.
If you or your beneficiary is not an Alabama resident, consider whether your home state or the home state of your designated beneficiary offers a qualified tuition program that provides a state tax deduction or other benefits to residents who invest in that program.
Not FDIC Insured. No Bank Guarantee.May Lose Value.