Future Scholar PalmettoBaby Program

May 29th is National 529 Day

South Carolina’s Future Scholar 529 College Savings Plan and State Treasurer Curtis Loftis, who administers the plan, are celebrating 529 Day in a very special way.

This year, in honor of Future Scholar’s 15th Anniversary, all PalmettoBabies born on 5/29/2017, 5/30/2017 and 5/31/2017 are eligible to receive a privately funded $5,290 grant when their parents open a new Future Scholar account.

See details below for more information.

Applying is as easy as 1, 2, 3

1

Review detailed eligibility rules and guidelines from the State Treasurer’s Office

Click to view rules

 

2

Open an account online or mail a completed and signed Future Scholar application to the following:

Regular mail:
Future Scholar 529 Savings Plan
PO Box 8036
Boston, MA 02266
For overnight:
Future Scholar 529 Savings Plan
30 Dan Rd, Suite 8036
Canton, MA 02021

 

3

Mail a fully completed and signed Future Scholar 529 grant request form and a copy of your child’s South Carolina birth certificate to:

Mail:
South Carolina State Treasurer's Office
ATTN: Future Scholar 529 Baby Grant Program
College Savings Plans Division
Post Office Box 11778
Columbia, SC 29211

 

Future Scholar 529 Plan Benefits

  • Contributions may be eligible for a South Carolina state income tax deduction.
  • The parent or guardian named on the account retains complete control of the funds to help ensure they are used as intended.
  • Money in your account can be used at any eligible college in the country. For a complete listing, use the School Code search at www.fafsa.ed.gov.
  • If your child ends up not going to college, the beneficiary can be changed to another qualified family member.
  • Anyone can contribute to the account, so you can allow relatives and friends to help save for this important goal.
  • The Automatic Contribution Plan lets you make easy and ongoing transfers from your bank account.

Questions about the grant program?

Contact Us
803.734.2667
palmettobaby@sto.sc.gov

Ready to
get started?

Once you’ve enrolled in Future Scholar, it’s easy to make a contributions. Anyone, including parents, grandparents, or other family and friends, can contribute until the balance reaches $426,000.

Enroll Gifts