Planning ahead: it's never too early, or too late

One of the best college savings strategies is simple: start. Not sure how? At IDeal, we're happy to help. We visit with families all the time, and find that having conversations about saving versus borrowing, myths about 529 plans, and setting goals can help clear up a lot of confusion.

The value of planning is measured
in more than dollars and cents.

Children with college savings accounts are seven times more likely to attend college than kids who had no such savings.1

The truth is, even small contributions to an IDeal account can add up. For example, just once a month, invest the money you would spend on a night out with the family. Or skip a few morning coffees every week. Studies have shown that regular investments can add up to a significant college nest egg over time.2


As you can see in this hypothetical chart, if an account owner began to save $50 a month when a child was 1 year old (with an initial contribution of $250), a 529 college savings plan could potentially have an account worth $16,677 by the time the child was age 18.

Starting an account later in a child's life (say, age 15) could still result in tax-free assets of more than $2,000.3

Keeping pace with college costs.*

What will be the price tag of college? A lot depends on the type of post-secondary school your student will be attending. Community college? 4-year public college (in-state or out-of-state)? 4-year private university? Graduate school?

As you can see in the following hypothetical charts, college tuition and fees in Idaho and around the nation is likely to keep rising. The sooner you start saving, the easier it can be to make the dream of a college education a reality.


1 Relationships Between College Savings and Enrollment, Graduation, and Student Loan Debt, Center for Social Development, March 2013.

2 A plan of regular investment cannot ensure a profit or protect against a loss in a declining market.

3 The hypothetical example assumes college begins at age 18 and is based on a 5 percent rate of return compounded daily, and is for illustrative purposes only. It does not reflect an actual investment in any particular 529 plan or taxes, if any, payable upon withdrawal.

Important Legal Information

By clicking on one of the social media icons, you are leaving the IDeal website, maintained by Ascensus, and are being redirected to a social media site solely maintained by the State College Savings Program Board (“Board”). Ascensus Broker Dealer Services, LLC, the program manager for IDeal, does not monitor or endorse the Board's social media activities. All IDeal social media activities are the sole responsibility of the Board.

Mr. Thiros is a registered representative of Ascensus Broker Dealer Services LLC, 877-529-2980, 95 Wells Ave, Newton MA (member FINRA/SIPC) and is not employed by the State of Idaho.

For more information about IDeal - Idaho College Savings Program ("IDeal"), call 866-433-2533  click here to obtain a Disclosure Statement. The Disclosure Statement discusses investment objectives, risks, charges, expenses, and other important information. Because investing in IDeal is an important decision for you and your family, you should read and consider the Disclosure Statement carefully before investing.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

IDeal is administered by the State College Savings Program Board ("Board"). ABD, the program manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services, and marketing. The Vanguard Group, Inc. ("Vanguard") serves as Investment Manager for IDeal. Sallie Mae Bank serves as the Savings Portfolio Manager for IDeal. IDeal's Portfolios invest in either: (i) mutual funds and a separate account offered or managed by Vanguard; or (ii) an FDIC-insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in IDeal are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in IDeal, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May lose value.