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Setting up a College Savings Account

Who is eligible?

  1. Utah resident under 20 years of age
  2. 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.
  3. “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
Household Size Annual Gross Income
1
2
3
4
5
6

Federal Poverty Guidelines Updated Last on January 13, 2021.

What documentation is needed?

  1. Verified eligibility and goal sheet from Caseworker (find here).
  2. Designate a beneficiary for whom the account is being opened and whose qualified higher education expenses will be paid from the account. (The beneficiary can be anyone, including the account owner.) Gather the following for the beneficiary:
  •   U.S. Social Security or Taxpayer Identification Number 
  •   Date of birth 
  •   Mailing address 
  •   Physical address

Our Sponsors and Partners

  • Mutual of America
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