In addition to being the program manager for the District of Columbia's 529 College Savings Plan, Calvert offers a variety of college-savings resources to individuals, financial advisors, and institutional investors.
DC 529 College Savings Plan
Saving for higher education may be the most valuable investment you make for the future. When you start saving may be even more important than how much you save, because even small sums can grow over time. Depending on your school choice, you may be able to save enough to pay for all of the tuition, or you may use this account to supplement financial aid and loans. Either way, the DC College Savings Plan makes your job easier because of these advantages:
- Convenience—The program lets you contribute automatically through payroll deduction or automatic deposit.
- Tax breaks—You can take a generous tax deduction. You pay no tax on the account's earnings. You pay no tax when you withdraw from the account if the money is used for qualifying education expenses.
- Choice—Select among three easy-to-use kinds of investments.
- Affordability—You can open an account with as little as:
- $15 per pay period of you select payroll deductions from your paycheck
- $25 per month if you choose automatic contributions from your bank
- $100 if you send a check
Click here to visit the Web site of the DC College Savings Plan. (external link)
Click here to learn more about saving for college.
Institutional Investors
For municipalities seeking investment options for a College Savings Plan, Calvert offers a broad range of equity and fixed-income strategies. Our extensive resources include a dedicated Institutional Group to help meet almost any client need.
Earnings on contributions, as well as qualified distributions, are exempt from federal income tax, and exempt from D.C. income tax for D.C. residents. For non-D.C. residents, state tax treatment of your investments in the D.C. College Savings Plan may differ from the federal tax treatment based on your state of residence. Account owners should consult a tax advisor for more information.
C700 (4/09)
