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Student Prosperity Savings Program

CAP Utah Student Prosperity Savings Programs

Get $100 in a College Savings Account just by signing up and earn $500 annually 

Get a jumpstart on your child's education with a scholarship 529 college savings account.  CAP Utah has teamed with my529 to start your child's account with $100 just for signing up through a provider in our network. Find a provider in your area here.

A student with dedicated funds for education knows their future is bright and people are saving for it!

How do I get the $100?

Students are awarded an account and initial funding of $100 from CAP Utah just by signing up. CAP Utah and parents or other private donors build the account.

Where does the money go?

A CSA in your students name is opened and will grow tax free and students can use funds for college classes, either while working toward a degree or taken individually. Also, funds can go toward a certificate from Utah College of Applied Technology.

“A low- and moderate-income child who has school savings of $1 to $499 … is about four times more likely to graduate from college.”

Assets and Education Initiative. (2013). Building Expectations, Delivering Results: Asset-Based Financial Aid and the Future of Higher Education. In W. Elliott (Ed.), Biannual report on the assets and education field. Lawrence, KS: Assets and Education Initiative (AEDI).

Who is Eligible for the Program?

Utah resident under 20 years of age

receiving or have a family member, a foster family member, or a legal guardian who is receiving services from a provider in our network. Find your local provider here.

“Economically disadvantaged,” which means that a child is:

  • experiencing intergenerational poverty or
  • a member or foster child of a family with an annual income at or below 185% of the federal poverty level or
  • either living with a legal custodian or legal guardian with an annual family income at or below 185% of the federal poverty level, or living with a legal custodian or legal guardian who can attest that the child or the child’s household is receiving services benefitting low-income households or individuals
Number of Family Members 185% Federal Poverty Level
1 $26,973
2 $36,482
3 $45,991
4 $55,500
5 $65,009
6 $74,518
7 $84,027
8 $93,536
9 $103,045
10 $112,554
11 $122,063
12 $131,572
13 $141,081
14 $150,590
15 $160,099

Thank you to our sponsors and partners!