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Colleen C. Davis
State Treasurer


Education Savings Plan



A young baby looks afraid, laying on a carpet, eyes wide and mouth open. "I'm going to have how much in student debt?" Logo for education savings plan DE 529. 529.Delaware.Gov

About The Plan

Delaware’s 529 Plan is sponsored by the State of Delaware and managed by Fidelity Investments. The Plan provides tax-advantaged accounts designed to help parents, grandparents and others pay for education expenses, reducing the possibility of debt. Contributions can be invested in portfolios tailored to a person’s age or the investor’s ability to identify an asset allocation strategy.

Plan Benefits

Tax advantages
You won’t pay any taxes on your money as it grows. Plus, withdrawals for qualified education expenses like tuition, fees, and books are federal and Delaware income tax-free.

Flexible options for your savings
You are not limited to in-state schools. You can use the funds at almost all accredited colleges and universities nationwide, many vocational or technical schools, K-12 programs, and eligible foreign institutions — for a wide range of qualified education expenses.

A range of investment choices
You can leave the investment decisions to Fidelity by selecting an Age-Based Strategy that invests your savings in a Portfolio based on the beneficiary’s age. Or, if you prefer, you can select a Custom Strategy by choosing your own Portfolio(s).

It’s easy to get started
There is no investment minimum, so you can put your Delaware 529 account into action. Contributions can be made automatically from your bank account, from your Fidelity Account®, or with direct deposit from your paycheck (if offered through your employer). Delaware taxpayers can direct their tax refunds to their 529 college investment savings plan when completing their state income tax return.

Need help determining how much of your biweekly, monthly, or annual income you can contribute towards future education costs? Our Available Income Calculator can help do the math.


 

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Enrollment

Online enrollment is now easier, faster and better.

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Account Login

Online account management is available at Fidelity.

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Appointments

Fidelity College Savings Representatives are available to help you.

 

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Tools

Planning for college starts with a goal. Find out if you are saving enough.

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Investments

Our Plan offers investment options for every type of investor.

Benefits of the Plan

Plan Benefits

Learn more about the benefits of the plan.


 

The Delaware College Investment Plan is offered by the state of Delaware and managed by Fidelity Investments. If you or the designated beneficiary is not a Delaware resident, you may want to consider, before investing, whether your state or the beneficiary’s home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors.  Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation. Please carefully consider the plan’s investment objectives, risks, charges, and expenses before investing. For this and other information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free Fact Kit, or view one online. Read it carefully before you invest or send money.

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