Start Early with Tax Free College Savings

Thanks to tax-free growth and compounded earnings, a small amount invested in a Bright Start account now can really add up over time. For example, starting with $5,000, you can see how college savings funds in a 529 plan can grow tax free when you continue with $100 per month until your child turns 18.

Growth of a $5000 Contribution

This chart assumes a $5,000 lump sum investment, $100 monthly investments and 5% annual rate of return. The calculations are for illustrative purposes only and the results are not indicative of the performance of any investments. The calculations do not reflect any plan fees or charges that may apply. If such fees or charges were taken into account, returns would have been lower. With any long-term investment, investment return may vary. Such automatic investment plans do not assure a profit or protect against losses in declining markets.

Use our Education Funding Planner to project how much you need to save each year to cover future college costs. Then start saving today by enrolling online.

Join our email list

By clicking on the links above, you may be leaving our website and entering an external website. OppenheimerFunds and its affiliates is not responsible for the content posted on third party websites.