IDeal Idaho College Savings Program

IDeal is Idaho’s official 529 college savings program, created as a qualified tuition program under Internal Revenue Code section 529 .

IDeal helps families save money for education expenses through an Idaho 529 account. Eligible expenses include K-12 tuition, apprenticeships, trade schools, and higher education costs such as tuition, mandatory fees, room and board, books, supplies, computer software, and internet access, as well as limited student loan repayment. IDeal can be used wherever the student is – not just in Idaho.

Each 529 account has an account owner and a designated beneficiary. The owner is the person who opened the account. The beneficiary is the student receiving benefits from the account. You can open an account to pay for your own higher education or for someone else’s. Any U.S. citizen or resident alien, 18 or older, can open an account.

Anyone, including family and friends, can contribute to an Idaho college savings program. Contributions to an Idaho 529 account provide a tax benefit. IDeal’s FAQs webpage provides more information about a 529 plan.