State Treasurer Roby Smith announced that Iowa’s ISave 529 plan has surpassed $7 billion in total assets under management, marking a milestone in the state’s efforts to help families save for education.
Smith said the achievement reflects both strong investment performance and a growing awareness among families about the importance of planning ahead for education expenses.
The milestone was highlighted during a visit to Western Iowa Tech Community College, where Smith emphasized that ISave 529 funds can be used for a wide range of educational opportunities, including community college, trade schools and certificate programs.
Smith said programs like those offered at community colleges play a key role in Iowa’s workforce development and that the savings plan helps families access those opportunities.
Iowa taxpayers who invest in an ISave 529 account can deduct up to $6,100 per beneficiary from their 2026 state income taxes. The deduction applies to each account, allowing families to increase their total tax benefit by opening multiple accounts for different beneficiaries.
ISave 529 accounts can be opened with as little as $25, and contributions can be made by parents, grandparents or others. The plan offers multiple investment options and can be managed online.
