The SMART529 family of college savings plans grew out of the desire of the West Virginia State Treasurer and West Virginia Legislature to provide an attractive program for college savings that would help families prepare financially for the costs of college attendance.
SMART529 college savings plans are issued by the Board of Trustees of the West Virginia College and Jumpstart Savings Programs, which changed its name effective January 24, 2022, to reflect it also administers the newly established Jumpstart Savings Program, a separate program not included in these materials or offered on this website. The West Virginia Legislature first enacted the West Virginia College Prepaid Tuition and Savings Program Act on April 12, 2001 to provide for the offering of college education savings plans under Section 529 of the Code. Even though issued by a West Virginia state agency, SMART529 offers savings plans that are open to investors nationwide. All of the SMART529 plans are operated as qualified tuition plans under Section 529 of the Internal Revenue Code.