FAQs

General Information

Is SMART529 a "Qualified Tuition Program"? 

What are the eligibility requirements for participation? 

Can I change my investment option (investment strategy)? 

Who controls the account? 

At what colleges and trade schools can I use my SMART529 assets? 

What happens if the child receives a scholarship? 

What are the options if my child doesn't attend college or if the money saved is not needed for college expenses? 

What if the Designated Beneficiary dies or becomes disabled and does not attend college? 

How do I make changes to my account? 

Can I access my account online? 

Can I change the Beneficiary? 

Investment Options

What can I choose from? 

Are there any investment performance guarantees? 

Eligible Expenses

What college expenses can I save for with SMART529? 

Are there college expenses that I cannot use SMART529 assets for? 

Opening an Account

How do I enroll? 

Contributions

What's the most that can be contributed per Designated Beneficiary? 

What's the minimum contribution per Designated Beneficiary? 

How do I make additional contributions to my account? 

Taxes

What are the West Virginia state tax advantages? 

What are the federal tax advantages? 

Distributions 

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