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INVESTING GOALSEducation planning for you and your family

Wherever you are on your path toward saving for school, our advisors can help you stay on track toward your education goals.

To get started, call 1-800-969-3161 to speak to a J.P. Morgan team member Monday–Friday from 8 AM to 9 PM ET. Or fill out a form and we’ll contact you.

Connect with an Advisor

Prepare for today and tomorrow

Define your education goals

We take the time to understand your priorities and map out a strategy tailored to who you are, where you are and where you want to go.

Explore your funding options

We can help you evaluate your saving, investing, borrowing and financial aid options to determine what would work best for you and your family.

Put your strategy to work

Based on your goals, we can help you create a strategy that may reduce taxes and offer opportunity for compound growth.

Adapt as change comes your way

We’ll help you track your progress and make adjustments as your goals and financial situation evolves over time.

Here’s how we can help you plan for your family’s future

Work with our advisors

Get one-on-one guidance with a dedicated advisor who will get to know you, your family and your finances to help you design a college planning strategy that fits your lifestyle.

Open a 529 Plan

Invest in a tax-advantaged 529 plan with our advisors and benefit from no upfront fees, so more of your money goes toward reaching your education goals. A 529 plan generally has more growth potential than a traditional savings account.

Keep your goals in sight with Wealth Plan

J.P. Morgan Wealth Plan℠ is our award-winning digital money coach that makes it easy to set and track your education goals and offers insights to guide you, every step of the way.

IMPORTANT: The projections or other information generated by Wealth Plan regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.

Use our education checklist

Wherever you are on your path toward saving for school, there’s always a next step. Take a look at our education checklist to find direction for your next move.

Start your education planning today

Call 1-800-969-3161 to speak to a J.P. Morgan team member Monday–Friday from 8 AM to 9 PM ET. Or fill out a form and we’ll contact you.

Start education planning

Learn more about your funding options

What it is:

A tax-advantaged investment product for education that has a low impact on financial-aid eligibility.

 

Benefits:

  • May be applied to K-12 tuition, vocational school, registered apprenticeships, college, graduate school and student loans.
  • Investments grow tax-free.
  • Withdrawals are not subject to federal tax (when used for qualified education expenses).
  • You can “frontload” your contributions by making five years’ worth of gifts in a single year.
  • Easy to establish and maintain.

Disadvantages:

  • You're limited to the investment options offered by the 529 Plan.
  • Using annual exclusion gifts to fund a 529 account precludes use of the annual exclusion amount for other purposes.

What it is:

Specialized accounts that can be used for a child's general benefit, not just for education.

 

Benefits:

  • The UGMA (Uniform Gift to Minors Act) and UTMA (Uniform Transfer to Minors Act) are custodial accounts that can be applied across a variety of financial needs, not just college funding.
  • The custodian can invest the account’s assets in any manner they choose.
  • Withdrawals are not subject to federal tax (when used for qualified education expenses).

Disadvantages:

  • Custodial accounts are considered assets of the student and must be turned over to them when they reach the age of maturity, and also may limit financial aid eligibility.
  • Using annual exclusion gifts to fund an UTMA account may prevent the use of the exclusion for other purposes.
  • These accounts are typically taxed at the same rate paid by the parents.

What it is:

A tax-advantaged investment product for education that has a low impact on financial-aid eligibility.

 

Benefits:

  • Earnings accrue free of income tax.
  • Distributions may be made free of income tax as long as they're made for qualified education expenses.
  • Assets may be invested in almost any product, including stocks, bonds and mutual funds.
  • Easy to establish and maintain.

Disadvantages:

  • Maximum investment is limited to $2,000 per year, per beneficiary. The $2,000 contribution maximum is gradually phased out if your modified adjusted gross income falls between $190,000 and $220,000 ($95,000 and $110,000 for single filers).
  • Contributions must be made before the beneficiary reaches age 18.

What it is:

There are a variety of financial aid packages, from scholarships to federal student loans. These options can be used to supplement your education savings.

 

Benefits:

  • Often, grants and scholarships don't have to be paid back.
  • Federal student loans are easy to apply for and offer flexibility when it comes to repayment.
  • Student loan interest can be tax-deductible.

Disadvantages:

  • Merit-based scholarships can be very competitive and not everyone qualifies.
  • Only 0.3% of students receive enough free aid to completely cover their education.
  • 32% of financial aid is disbursed through federal loans that need to be paid back with interest.
  • Today, a record 4 in 10 households owe student loan debt.

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