Select Your Enrollment Year
Your first step is to determine the expected enrollment year of your future student. Typically, families assume their student will need their education savings at age 18. Once you’ve estimated when you expect your student will need to use their savings, select the enrollment year option that represents the date closest to your estimated date of enrollment. For example, if your future student was born in 2015 and you anticipate they will begin college at 18 years old, they may need their college savings in the year 2033 (2015 plus 18). This means you would select the 2032/2033 Enrollment Option.
Enrollment Year Investment Option
Consider Your Education Savings Goals
Families can also take advantage of the versatility of the Enrollment Year Investment Option to save for all types of qualified education, including college/university, technical college, professional and graduate schools, and K-12 tuition*. Simply adjust the expected year of enrollment in your calculation to select your new Enrollment Year Investment Option.
*The tax reform legislation changes allowing withdrawals for K-12 expenses were on a federal level. Tax consequences of using 529 plans for elementary or secondary education tuition expenses will vary depending on state law, and may include recapture of tax deductions received from the original state as well as penalties. If you are not an Oklahoma taxpayer, please consult with a tax or legal advisor in this regard.
Align with Your Risk Tolerance
What level of risk are you comfortable with? You can find out by taking our Risk Tolerance Quiz. If you are a conservative investor, you may wish to choose an earlier enrollment year fund regardless of the year your future student begins college or technical college. More aggressive investors can select a later date. Investors aligning with their risk tolerance or seeking particular investment objectives can view asset allocation across enrollment year dates below to help guide their decision.
