Dear Friends:

A college education enriches minds and opens the door to a world of opportunities. Saving for this time in life is important, and you have a better chance of doing so successfully if you have the right investment plan.

College Savings Iowa™ is a 529 plan that’s open to all U.S. residents. It offers a flexible, tax-advantaged way to pay for higher education. Our partnership with investment manager Vanguard and leading 529 administrative service provider Upromise Investment Advisors, LLC, allows College Savings Iowa to stand out even more. In our plan, you can:

• Choose from a variety of unique investments. A total of 13 investment options are designed exclusively for the plan by Vanguard, a leader in providing investment management services.
• Enjoy special tax advantages. Withdrawals are free from both federal and Iowa state income taxes when used to pay for qualified higher-education expenses at an accredited college.* Iowa residents also receive generous deductions from their state income tax for each account that they own and contribute to.**
• Save time and effort. Our user-friendly website lets you handle common transactions and enjoy the convenience of managing your account online at any time, day or night.
• Accelerate your savings. Through the free Upromise® rewards service, you can get a percentage of your qualified spending on groceries, gas, and other goods and services back as college savings. This money can be transferred to your College Savings Iowa account on a periodic basis, subject to a $25 minimum transfer amount.

Thank you for your interest. I hope you and your family will choose College Savings Iowa to help a child you care about fulfill dreams for the future.