Flexibility, control, and tax-deferred growth
Features & benefits
Scholar’s Edge combines the key benefits of a 529 savings plan with the key features you expect from Principal.
Key benefits of a 529 plan
Tax advantages
- Tax deferred growth of investment earnings
- Tax-free withdrawals for qualified expenses
- Income tax deductions for certain states
Control
- Apply funds toward a range of qualified higher education expenses
- Control portfolio selection and distributions
- Transfer account assets to another family member if the original beneficiary no longer needs the funds for college
Key features of the Scholar’s Edge 529 Plan
Investment solutions for your education needs
- Deep asset allocation expertise – Principal is the largest provider of active, multi-managed target date funds in the United States
- Robust and sophisticated glide path technology
- Comprehensive range of investment options – 11 year of enrollment portfolios, 4 target risk portfolios, and 15 individual portfolio options
- Capital preservation portfolio
Flexibility
We’ve improved Scholar’s Edge to make life’s important choices even easier, offering choice, value and peace of mind:
- Comprehensive range of investment options
- Low minimum investment with as little as $1
- High maximum investment of $500,000 per beneficiary
- No income limit – no matter your salary, you can start saving in the Scholar’s Edge 529 Plan
- Online functionality, resources and tools to easily manage your account
Explore more resources
Tax advantages
Benefit from tax-deferred growth.
Ready to enroll?
Find out how to enroll in a Scholar’s Edge 529 Plan.