District of Columbia taxpayers may:

• Deduct up to $4,000 annually in plan contributions on your DC tax return (up to $8,000 for married couples filing jointly if both own accounts and make contributions).
• Carry forward and deduct contribution amounts in excess of $4,000 for up to 5 years.
• Invest in the plan directly or through a financial advisor.

In addition,

• Plan account earnings are federal-tax-free and District-tax-free as long as the money remains in the account.
• When funds are distributed to pay for qualified higher education expenses, the distributions are exempt from federal and District income tax.

DC TUITION ASSISTANCE GRANT PROGRAM AND DCLEAP

The DC Tuition Assistance Grant Program (DCTAG) is available to District of Columbia residents only. For residents who qualify and graduated from high school on or after January 1, 1998, the program provides grants to attend public or private colleges or universities nationwide. The grant pays the difference between in-state and out-of-state tuition so District residents pay only the state's low in-state rate. Or, a District resident may receive $2,500 per year toward tuition at private Historically Black Colleges or Universities nationwide or at a private college or university in the DC metropolitan area. DCLEAP provides grants of up to $1,500 for District residents with financial need. For more information about DCTAG or DCLEAP visit http://www.seo.dc.gov/.

DISTRICT OF COLUMBIA RESIDENTS MAY PARTICIPATE IN THE DC COLLEGE SAVINGS PLAN, DCTAG AND DCLEAP

For more information on the DC College Savings Plan, please contact your financial advisor or call 800.987.4859 (800.368.2745 for non-District residents).  An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing.  The District of Columbia College Savings Trust Program Disclosure Booklet contains this and other information.  Read it carefully before you invest or send money. An investor should also consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's 529 college savings plan.