College Savings Plan with Proven Results: Scholars Choice 529

529 College Savings Plan

Making college savings easier for families

Tax advantages, flexibility and account owner control make 529 plans one of the most effective college savings vehicles. Sharpen the savings edge by backing up your goals with the proven results of the Scholars Choice 529 plan.

As one of the largest advisor-sold 529 plans nationwide, Scholars Choice 529 plans offer significant tax benefits, competitive fees and a broad range of investment options in an active, multi-manager approach, including:

  • Automatic enrollment designed for a family's savings timeline
  • Static multi-fund allocations offering choices to meet individual investment styles


529 Pricing
Competitive Pricing

Keeping fees low helps make the most of a family's contributions


529 Track Record
Committed to Excellence

An established track record and strong historical investment returns


529 Investment Options
Products and Performance

Investment options designed with a family's savings needs in mind



Every family is different, which is why they need choices to save for college

Scholars Choice 529s are actively managed and monitored by our independent investment managers. This independent model is central to our mission of encouraging and maintaining diversity of thought. Funds are diversified across asset classes and management styles, providing consistent, risk-managed, long-term performance. (As an advisor-sold 529 plan, families can take advantage of the expertise and market insight their advisor can offer to help reach their college funding goals.)


College Funding Pyramid
529 College Funding Pyramid

When planning for how you’ll pay for college, you’ll want to consider these three sources. How much you’ll need from the top two levels will depend on the bottom level — how much you’re able to save. 

Don’t wait. Calculate. With our College Savings Planner, you can compare savings vehicles, determine your goals, and prepare for smart saving.

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Service Center

PRO 529 Evaluator

Compare the Scholars Choice 529 Plan’s features, fees, performance, state tax benefits and more to those of other advisor-sold or direct-sold 529 plans.

College Savings Planner

Examine your total projected costs and estimate the monthly amount you need to save to meet your objective.

College Cost Projector

Calculate the future cost of a college education in your time frame.

Cost of Waiting Calculator

Estimate the costs of saving now versus starting to save a few years down the line.


529 College Savings Resources

Financial Advisors
  • Ins and Outs of Scholars Choice
  • Grow Your Practice with a 529
  • Tools and Calculators


Individual Investors
  • Get Started


No Chalk refers to Legg Mason’s commitment to corporate social responsibility.

All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.

IMPORTANT INFORMATION: An investor should consider the Program's investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement and Participation Agreement contains more information and should be read carefully before investing. If an investor and/or an investor's beneficiary are not Colorado taxpayers, they should consider before investing whether their home states offer 529 plans that provide state tax and other benefits benefits such as financial aid, scholarship funds, and protection from creditors that are only available to state taxpayers investing in such plans.

Investments in the Scholars Choice College Savings Program are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution.  Investments are not guaranteed by the State of Colorado, CollegeInvest, QS Investors, LLC, Legg Mason Investor Services, LLC, or Franklin Resources, Inc., or its affiliates and are subject to risks, including loss of principal amount invested.

Franklin Resources, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

Scholars Choice® is a registered service mark of CollegeInvest. CollegeInvest and the CollegeInvest logo are registered trademarks. Administered and issued by CollegeInvest, State of Colorado. QS Investors, LLC is the Investment Manager and Legg Mason Investor Services, LLC is the primary distributor of interests in the Program; together they serve as Manager of the Program. QS Investors, LLC, ClearBridge Investments, LLC, Brandywine Global Investment Management, LLC, Western Asset Management Company, and Legg Mason Investor Services, LLC are subsidiaries of Franklin Resources, Inc. Such entities became subsidiaries of Franklin Resources, Inc. in connection with Franklin Resources, Inc.’s acquisition of Legg Mason, Inc. in a transaction that closed on July 31, 2020. Templeton Global Advisors Limited, which is part of Franklin Templeton Investments, is also an affiliate of Franklin Resources, Inc. Thornburg Investment Management, Inc. is not affiliated with Franklin Resources, Inc.

Audited financial statements for the Scholars Choice® College Savings Program, including balance sheets, income statements, cash flow statements, and the Management's Discussion and Analysis (MDA), may be viewed at or a hard copy may be obtained by calling Scholars Choice at 1-888-572-4652.

CollegeInvest -- a division of the Colorado Department of Higher Education, which oversees the Colorado-sponsored 529 college savings programs -- has decided to retain TIAA-CREF Tuition Financing, Inc. (“TFI”) as the successor program manager for Scholars Choice.  TFI intends to utilize funds managed by Nuveen, an investment manager affiliate of TFI, in managing Scholars Choice portfolios.   Legg Mason, through its subsidiaries QS Investors, LLC and Legg Mason Investor Services, LLC, will work with TFI to transfer program assets, records, and management responsibilities while continuing to provide services under the terms of the services agreement on a transition basis, until such time as the transfer is completed.   The goal of the parties is to complete the transfer in or about June 2021.