Edvest, Wisconsin’s 529 College Savings Plan, allows UW–Madison employees to save for post high-school education expenses by making small contributions over time. Anyone—parents, grandparents, extended family members and friends—can set up an account for anyone else. An account can also be used to save for one’s own continuing education. Funds can be used to pay for tuition and many other expenses at universities, colleges, professional schools, technical colleges, and graduate programs across the country and even at some institutions abroad. An Edvest account can be opened with as little as $25 and requires a minimum contribution of $15 per pay period. The program offers low fees and can provide tax deductions for Wisconsin residents (limitations apply). UW–Madison employees can make contributions directly from payroll with direct deposit. Payroll deduction is not available. To set up an account, visit the Edvest website at edvest.com/benefit.

Read more