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Delaware 529 Plan

Delaware College Investment Plan

The Delaware College Investment Plan is a 529 Plan sponsored by the state of Delaware and managed by Fidelity Investments. The money can be used for tuition, books, etc. at most accredited two- and four-year colleges and universities, eligible foreign institutions, and vocational-technical schools nationwide. The plan offers a choice of portfolios tailored to a child's age, or the ability to customize portfolio selections based on an asset allocation strategy.

Plan Benefits

  • Tax Advantages Any earnings grow tax-deferred.
  • Distributions for qualified higher education expenses are federal income tax-free.
  • There are no income restrictions.
  • The beneficiary can be changed to an eligible member of the original beneficiary's family at any time without a penalty.
  • The beneficiary doesn't need to be a child. Adults can use the plans to save for their own qualified higher education expenses.

    Who can Invest

  • Residents of any state can open a Delaware College Investment Plan account
  • Plan can be also opened and funded by Grandparents and estates planning to make gifts.

    How to enroll

    You can learn more and enroll by going to the plan website

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