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Scholars Choice

Gifting, estate & legacy planning

Parent and child coloring

Most parents can’t cover 100% of their son or daughter’s college education. With the gift options from the Scholars Choice 529 plan, you don’t have to. A unique part of the plan is the capability to give and receive gift contributions from friends and family — making supporting a child’s future education a win-win for everyone. Your account may grow faster. And in certain cases, the contributor can receive state tax benefits and incorporate the gift into their overall estate and legacy planning. Consult your tax professional.

Asking for & giving gift contributions

Friends, grandparents, aunts and uncles all want to see your child succeed as much as you do. Let them know about the account and how easy it is to make a gift contribution through Ugift or by using the additional contribution form. Chances are they’ll want to help — even more so once they learn that giving can reduce their taxable estate.

Gift certificate

Want to make a contribution to a special someone’s Scholars Choice account? Download our gift certificate for any holiday or event from baby showers to birthdays.

With the Ugift® option, you get an easy, secure way to ask friends and family for electronic gift contributions. The service is included when you open your account and is free of charge. Download our customizable Ugift invitation to invite friends & family to make a gift contribution to your beneficiary's Scholars Choice 529 plan account.

How to Ask for Ugifts

  1. Once you have registered and set up online access for your account, select the Ugift link from the "My Accounts" page.
  2. Once you are on the Ugift page, a unique Ugift code will be provided for each account.
  3. Friends and family can use your Ugift code at any time to easily make gift contributions at
  4. You can share your Ugift code using Ugift’s email, Facebook, Twitter, or printed party invitation inclusions.


Legacy & estate planning

Making a larger contribution to your Scholars Choice account for your child or loved one can help future plans – theirs and yours.

  • Contributions to your account are removed from your estate free of gift tax, up to the federal gift tax exclusion of $36,000 (joint) or $18,000 (single) per year per child.
  • With accelerated gifting, a feature unique to 529 plans, you can remove an even larger amount from your taxable estate by making a lump sum contribution of $180,000 (joint) or $90,000 (single), and pro-rate the federal gift tax exclusion over 5 years (consult your tax professional and see Plan Description for more details).
  • You can make contributions up to the federal gift tax exclusion amount to as many children or beneficiaries as you like, free of the federal gift tax.


Why not save more?

College savings calculator

Want to see if you are on track with your education saving goals? Try our proprietary College Savings Calculator to get a detailed personalized view. In addition, you can always consult with your financial professional.

Recurring contributions

A good way to help your account grow is to make sure it’s a normal part of your monthly bills. Recurring contributions make payments easy and predictable, so it becomes a regular, expected expenditure within your monthly budget.

An added benefit of recurring contributions is the power of dollar cost averaging. In other words, putting new contributions consistently into your Scholars Choice account over a period of time. See it in action.

Save trees with eDelivery. Think green.

We’re fond of paper… in its original form. Go paperless with eDelivery. We encourage all account owners to go paperless with eDelivery. Simply login and click “Set up eDelivery” on the homepage. Once setup, you will be notified by email each time a transaction or statement is posted to your account.

Scholars Choice logo

Portfolio options
Scholars Choice Enrollment year investment portfolios
These portfolios base their investment mix on the first year the student is expected to pay for qualified education expenses.
Scholars Choice Target allocation portfolios
Four professionally constructed investment portfolios with a fixed level of risk that invest in multiple underlying funds. These may be appropriate if you prefer a diversified investment portfolio with a fixed risk level rather than a risk level that changes as the designated beneficiary ages.
Scholars Choice Individual fund portfolios
This multi-manager lineup offers 14 investment portfolios, each of which invests in a single underlying fund for targeted investment exposure. You may select among U.S. equity, non-U.S. equity, and fixed income asset classes, as well as the ESG choices. There is also a money market option if you are risk-averse. Working with your financial professional, you can create a customized investment solution using these individual fund portfolios.

Ugift® is a registered service mark of Ascensus Broker Dealer Services, LLC.

The Scholars Choice Education Savings Plan is offered by the State of Colorado. TIAA-CREF Tuition Financing, Inc. is the Plan Manager and Nuveen Securities, LLC is the Distributor.

There are various risks associated with an investment in the Scholars Choice Education Savings Plan; principal loss is possible.

The Scholars Choice Education Savings Plan’s Investment Portfolios are subject to the risks of the underlying fund(s) in which they invest and other risks, as described in the Plan Description. To obtain a more complete description of the investment policies and risks of the underlying funds, please refer to the current prospectuses for the underlying funds.

The Target Allocation Portfolios are currently comprised of four Investment Portfolios. The Target Allocation Portfolios are designed for account owners who prefer a diversified Investment Portfolio with a fixed risk level rather than a risk level that changes as the Designated Beneficiary ages.

The Enrollment Year Investment Portfolios are intended for Account Owners who prefer an Investment Portfolio with a risk level that becomes increasingly conservative over time as the Designated Beneficiary approaches expected enrollment in an Eligible Educational Institution and/or expected year in which amounts will be withdrawn to pay for Qualified Higher Education Expenses. There are ten target Enrollment Year Investment Portfolios that invest in multiple underlying funds, each of which has a different investment strategy.

Before investing, carefully consider the investment objectives, risks, charges and expenses of the Scholars Choice Education Savings Plan, including whether the investor’s or Designated Beneficiary’s home state offers any state tax or other benefits that are only available for investment in such state’s qualified tuition program. Other state benefits may include financial aid, scholarship funds, and protection from creditors. For this and other information that should be read carefully, please read the Plan Description or request one at 888-5-SCHOLAR (888-572-4652).

Participation in the Scholars Choice Education Savings Plan does not guarantee that the account’s assets will be adequate to cover future tuition or other higher education expenses, or that contributions and the investment return on contributions, if any, will be adequate to cover future tuition and other eligible education expenses or that a Designated Beneficiary will be admitted to or permitted to continue to attend any eligible educational institution. Contributions to an Account and the investment earnings, if any, are not guaranteed or insured.

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