The Arizona Family College Savings Program (AFCSP) Helps Families Everywhere Save for Higher Education
Any U.S. taxpayer, regardless of income, may establish a tax-favored college savings account for anyone - including themselves, to help pay for qualified higher education expenses. The program was established as a tax-advantaged state tuition program under Section 529 of the Internal Revenue Code in 1996 and the benefits were made permanent in 2006. There are no in-state use restrictions. Use the proceeds at any eligible college, university, proprietary or vocational school worldwide.
- Higher education expenses include tuition, fees, textbooks, supplies and equipment required to attend an eligible institution. If the student’s enrollment qualifies for at least half-time, room and board expenses are also eligible up to a specified level.
- Eligible institutions include virtually all accredited, public, nonprofit and proprietary postsecondary educational institutions. Click here for a complete database of eligible institutions.
AFCSP offers the CollegeSure CD, InvestorSure CD and a series of fixed rate CDs from College Savings Bank. Each CD is FDIC insured up to $250,000 per depositor.
Enroll online using your credit card, debit card or an electronic check. You may also print out and mail an enrollment form with a check or money order. Open your account for as little as $250. And/or sign up for direct deposit from payroll of as little as $25 per pay period or automatic deposits of $100 or more per month from your bank account.
- Account Assistance: Available Monday through Friday between 7 a.m. and 4 p.m. Mountain Time (9 a.m. - 6 p.m. Eastern Time) by calling toll free 800-888-2723 or sending an e-mail to arizona@collegesavings.com. Our College Savings Advisers are at your service to answer your questions and help structure your account in a way that's best for you.
- Convenient Recordkeeping: Managing your account is easy. For each CD deposit, you'll receive a Confirmation Notice for your records.
- Statements: Reflecting account activity and balances are mailed four times a year as of October 31, January 31, April 30 and July 31. Each July 31 a comprehensive statement will be mailed to you that shows ending account balances and all contributions, distributions and earnings that occurred during the year.
- CollegeSure Newsletter: At least twice a year you'll receive a complimentary CollegeSure newsletter. It is designed to help you make the most of your account and keep you apprised of current issues regarding saving for college.
The combination of tax benefits, low deposit amounts and investment choices make the College Savings Bank 529 programs a smart, flexible and effective way to save for college.