NY 529 College Savings Program

529 Savings

The NYS 529 College Savings Plan is a type of investment plan that enables you to save money for a beneficiary to pay for higher education expenses. You can withdraw funds tax-free to cover nearly any type of college expense. 529 plans also offer additional state or federal tax benefits.  

With a 529 plan, you can: 

  • Contribute up to $90,000 per year (individual) or $180,000 (Married filing jointly).

  • Have your contributions automatically deducted from your paycheck.

  • Pay no Federal tax on qualified withdrawals. 

  • Grow earnings tax deferred. 



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