Start Saving Now

WHAT does this mean?

Saving for college is a simple way to start investing in your future now and help you pay less later - It is never too late! Special types of accounts called education savings accounts are available to help students and families plan early for college expenses. Check out the Kentucky Education Savings Plan Trust website for an explanation of the different kinds of accounts you can open to save for college and the pros and cons of each type.

A 529 Plan is an education savings plan operated by a state or educational institution. In Kentucky, the 529 plan for students and families is the  Kentucky Education Savings Plan Trust (KESPT). This saving plan offers lots of to Kentucky students and families, such as:

  • The money you save and the interest you earn are 100% free from federal and state income tax when used to pay for any qualified college expenses, (including tuition, room and board, books, and more).
  • You can use the money you save to attend any accredited college or university - in Kentucky or in another state
  • When you apply for financial aid, your savings and interest will not count against you when determining whether or not you qualify for financial aid. 

WHY is it important?

The more you save now, the less you will need to borrow and pay back later. When you’re saving, interest works in your favor, but when you’re borrowing money with a student loan, interest can work against you to the tune of thousands of dollars!  

More importantly, research shows students with college savings accounts are seven times more likely to attend and complete college! Need more reasons to save? Check out these 10 reasons to save with KESPT.


Anyone can start saving at any time! A college savings account can be opened in a student’s name any time after they are born. The earlier you start, the more interest (FREE MONEY) you earn.

Did you know?

If you started with $500 in a Kentucky 529 College Savings Account  when you were 8 and put nothing else in, by the time you were 18 you could hypothetically have nearly $900?

HOW do I get started?