Make College a Reality with Learning Quest®

headshot-175x175.jpgThere are few prouder moments in life than watching a child grow from the support we provide. Whether it is junior college or medical school, an apprenticeship or trade school, achieving various career ambitions is more likely when students have increased access to wide-ranging educational opportunities. The Learning Quest 529 Education Savings Program has features and benefits designed to support students in launching a meaningful career.

The Kansas State Treasurer's office has partnered with American Century Investment Management, Inc. to offer one of the most effective ways to make higher education a reality. Scholarships and grants are great sources of educational funding, but don’t rely on them solely to fund education. With a Learning Quest 529 account, you maintain control of a tax-advantaged account designed to reduce the need for student loans and provide career advancing educational opportunities.

 

Steven Johnson
Kansas State Treasurer

Benefits include:

  • Federal and state tax advantages

    The availability of tax or other state benefits (such as financial aid, scholarship funds and protection from creditors) may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.

  • Diversified and professionally managed investments
  • Multi-generational estate planning
  • Easy and convenient ways to invest
  • Can be used for qualified expenses at accredited four-year and community colleges, and vocational and technical schools throughout the United States
 

Additionally, you may be eligible to deduct your contributions from your taxable income regardless of where you live. Check with your state for specific tax benefits. For example, Kansas taxpayers receive an annual adjusted gross income deduction of up to $3,000 (or $6,000 if you're married and filing jointly) for contributions per year, per child.

I am confident that after you have reviewed the information on the website, you will want to enroll in Learning Quest. If you would like to speak to a Specialist please call (800) 579-2203. Or, your financial professional may contact us at (877) 882-6236. Together, we can open doors.

 

State of Kansas

 

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and is not intended as tax advice.

The availability of tax or other state benefits (such as financial aid, scholarship funds and protection from creditors) may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors.

The earnings portion of non-qualified withdrawals is subject to federal and state income taxes and a 10% federal penalty.