The Arizona Family College Savings Program (AFCSP) Helps Families Everywhere Save
for Higher Education
Any U.S. taxpayer, regardless of income, may establish a tax-favored college savings
account for anyone - including themselves, to help pay for qualified higher education
expenses. The program was established as a tax-advantaged state tuition program under
Section 529 of the Internal Revenue Code in 1996 and the benefits were made permanent
in 2006. There are no in-state use restrictions. Use the proceeds at any eligible
college, university, proprietary or vocational school worldwide.
- Higher education expenses include tuition, fees, textbooks, supplies and
equipment required to attend an eligible institution. If the student's enrollment
qualifies for at least half-time, room and board expenses are also eligible up to a
specified level.
- Eligible institutions include virtually all accredited, public, nonprofit and
proprietary postsecondary educational institutions. Click here for a complete database of eligible
institutions.
AFCSP offers the CollegeSure CD, InvestorSure CD and a series of Fixed Rate CDs from College Savings
Bank. Each CD is FDIC insured up to $250,000 per
depositor.
Enroll online using your credit card, debit card or an
electronic check. You may also print out and mail an enrollment
form with a check or money order. Open your account for as little as $250. And/or
sign up for direct deposit from payroll of as little as $25 per pay period or automatic
deposits of $100 or more per month from your bank account.
- Account Assistance: Available Monday through Friday between 7 a.m. and 4 p.m.
Mountain Time (9 a.m. - 6 p.m. Eastern Time) by calling toll free 800-888-2723 or
sending an e-mail to arizona@collegesavings.com.
Our College Savings Advisers are at your service to answer your questions and help
structure your account in a way that's best for you.
- Convenient Recordkeeping: Managing your account is easy. For each CD deposit,
you'll receive a Confirmation Notice for your records.
- Statements: Reflecting account activity and balances are mailed four times a
year as of October 31, January 31, April 30 and July 31. Each July 31 a
comprehensive statement will be mailed to you that shows ending account balances
and all contributions, distributions and earnings that occurred during the
year.
- CollegeSure Newsletter: At least twice a year you'll receive a
complimentary CollegeSure newsletter. It is designed to help you make the most of
your account and keep you apprised of current issues regarding saving for
college.
The combination of tax benefits, low deposit amounts and investment choices make the
College Savings Bank 529 programs a smart, flexible and effective way to save for
college.