Future Scholar is South Carolina’s 529 College Savings Plan. A 529 plan is an investment account specifically for college savings. It works like a 401(k), the money that goes in is tax-deductible, and the interest it earns is tax-free, as long as you use the money for approved expenses. Qualified expenses include tuition and fees at eligible institutions; room and board; and books, supplies, and equipment.
Every state has a 529 plan, but they all differ slightly in how they’re managed, and the benefits they carry. South Carolina’s plan, Future Scholar, has been recognized as one of the best nationwide for its low fees, and its tax advantages, which are the best available for South Carolinians.
Learn more about Future Scholar with these resources
Future Scholar website: On this site, you can learn more about SC 529 plan, quickly set-up a Future Scholar account, and log-in to your account.
Your Baby – The Scholar: In this Kidding Around article, you’ll learn about the advantages of getting a 529 started sooner than later and the importance of planning for your child’s educational future in the form of a 529 college savings account.
It’s College Savings Month! Prepare with Future Scholar: Every September, financial institutions across the US promote the importance of saving for college. In this article, you’ll learn more about South Carolina’s 529 plan, including what and who it’s for, as well as how easy it is to set up!
Q&A with SC State Treasurer Curtis Loftis: Everything You Need to Know About Future Scholar: Kidding Around’s Bethany chatted with SC State Treasurer Curtis Loftis about Future Scholar. In this interview, he shares some basic info about the 529 plan and also tackles reader questions.
5 Crucial Tips to Set Your Kids Up for Financial Success: In this article, we teamed up with Future Scholar to craft some tips for how best to approach teaching young people about money. With small, intentional steps, your kids can be pros with their piggy banks.
$529 could be yours! Take the Future Scholar Quiz for a chance to win: Think you know your stuff about college savings and Future Scholar!? Take a quiz and find out! At the end of the quiz, you can also enter to win a $529 privately-funded grant! (And, pssst, if you follow the Office of the South Carolina Treasurer on Facebook and/or Instagram, you will earn extra entries in this giveaway!) This giveaway runs from May 5 – May 27, 2022.