Anyone can help with a Path2College 529 Plan
Parents, grandparents, family and friends—everyone can help your child achieve their savings goals.
Most anyone can open, contribute to or benefit from an account!
Who can open an account?
- Parents
- Grandparents
- Family members
- Family friends
- You
- Anyone with a valid Social Security Number or Taxpayer Identification Number
- Entity (e.g., a scholarship fund)
Which students can benefit from an account?
- Children
- Grandchildren
- Other family members
- Family friends
- Yourself
- Anyone with a valid Social Security Number or Taxpayer Identification Number
Who can contribute to an account?
- Grandparents
- Family
- Students
- Friends
- Trusts and estates
It only takes about 15 minutes to get started!
Gifting
Your Path2College 529 account makes it easy for anyone to make contributions to your child’s education. From grandparents to other family members to friends, everyone can help turn their dreams into a reality.
Contributions for any occasion can be easily made and managed through our secure online gifting platform, Ugift®. Gifts can also be made by mail with a check. Gift givers who are Georgia taxpayers could also receive state tax benefits. Consult your tax professional.
Gift an account
Anyone with a valid Social Security Number or Taxpayer Identification Number can open a Path2College 529 account on behalf of a beneficiary. The Plan can also provide tax benefits for legacy and estate planning.
Learn more about gifting and its benefits
Ugift is a registered service mark of Ascensus Broker Dealer Services, LLC.
Relevant FAQs
Path2College 529 provides a unique set of benefits that can mean more flexibility and growth potential, including:
- Tax-free qualified withdrawals
- Georgia state tax deduction
- Low fees and expenses
- Easy to choose investment options
- Favorable financial aid treatment
- Use for a wide range of education expenses and programs – in Georgia and around the world
Get more details and compare savings options.
If you would like to contribute to a child’s college account, but are not the account owner, you can do so. Contributing to an existing Path2College 529 Plan account is easy and secure with the online Ugift® platform. Gift contributions can also be made by check and mailed in. Check with your tax professional.
For the tax year 2023:
- There’s no federal gift tax on contributions you make up to $17,000 per year if you’re a single filer or $34,000 if you’re a married couple.
- You can also accelerate your gifting with a lump-sum gift of $85,000 if you’re a single filer or $170,000 if you’re married and pro-rate the gift over five years per the federal gift tax exclusion.
- You can gift this amount to as many individuals or beneficiaries as you like, free from income tax.
Consult your tax professional for more details.
