Build a legacy of higher education for your loved ones

A family who saves money for college can greatly impact (up to seven times) their child’s likelihood of going on to complete education.1 Unfortunately, most parents just can’t cover 100% of their children’s college tuition so many young people today are faced with the decision of incurring student loan debt or abstaining from college altogether. As a grandparent, you can help alleviate this concern and brighten your grandchild’s future by contributing to an IDeal college saving program from as early as birth, or at any stage of their education.

How will your grandchild benefit?

The IDeal college savings plan can be used for qualified higher education expenses such as tuition, room and board, fees, computers, books and supplies at private universities, in-and-out-of Idaho state universities, international universities and technical colleges. You may also choose to use an IDeal account to pay for your grandchild’s registered qualified or eligible apprenticeship program, qualified student loan repayments, or K-12 tuition at public, private or religious schools.

How will you benefit?

Idaho taxpayers can receive a state tax deduction of up to $6,000 per individual or $12,000 if married and filing jointly. Your account earnings grow, tax-deferred, and are free from both federal and Idaho state income tax when used for qualified education expenses. The maximum investment per beneficiary is $500,000 and annual contributions of up to $18,000 per individual/$36,000 if married and filing jointly, are not imposed with the federal gift tax.

So, how do you get started?

With as little as $25 and just a few minutes, you can open an account on behalf of of your grandchild. There are several investment options available and selecting the right option for you may simply come down to your financial management preferences and family dynamics. We suggest reviewing these options with your financial professional and then coordinating with the parents of your grandchild so that everyone is aware and involved with the plan. Before you get started, you will need the following beneficiary information:

  • Full name
  • Date of birth
  • Relationship to you
  • Social Security Number
  • Full address
  • Phone number



Want to contribute to an existing IDeal account?

If your grandchild is already an IDeal account beneficiary, you can contribute directly to that account through Ugift, our free-to-use service for family and friends. If you are an Idaho taxpayer, and the account is with IDeal – Idaho 529 College Savings program, you will be eligible for the same state tax deduction benefits as if you owned the account. To learn more about gifting, visit our Ugift page.

Use Ugift Now

Helping busy parents get started

If you and your grandchild’s parents have decided that you would like to open a new IDeal account, but you would like the parents to be the account owner, you can help initiate the process by:

  1. Downloading an enrollment kit here
  2. Filling out the paperwork on behalf of the parents
  3. Including a check for $25 or more
  4. Prepare the envelope for mailing

The enrollment kit contains important information that should be reviewed and discussed by all parties. Once completed the parents can review and sign the documents and drop the packet in the mail.

Regardless of how your grandchild’s IDeal – Idaho 529 College Savings account is set up, you can rest assured that your contribution will demonstrate to your loved ones the importance you place on education and the confidence you have in your grandchild’s future.


1 Elliott, W. and Beverly, S. (2011). The role of savings and wealth in reducing "wilt" between expectations and college attendance. Journal of Children & Poverty, 17(2), 165-185.


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.