With HI529, you're in control.

As the account owner, with HI529, you make the choices that can make this the right plan for your family.

You control your money. Always.

• You determine when to withdraw the funds, whether it's the first semester, last semester, for graduate school, or any other time.¹ It's your choice.
• You decide which qualified education costs to pay for, including:
  • Tuition at public and private universities, trade schools, and other eligible institutions, worldwide²
  • Room and board
  • Books
  • Computers and software
  • Supplies and equipment
  • Student loans³
• You can change the beneficiary to another qualified family member⁴
• You receive detailed quarterly statements.
• Rollover your 529 savings into an IRA if they are no longer needed for education⁵

You decide how your money is invested.

HI529 offers a full range of options to match your time horizon and risk tolerance, including:

• Broad investment options, such as a simplified Age-Based Option
• Online account access, so you can contribute, change investments,⁶ make qualified withdrawals, and update your personal information 24/7.

You don’t have to live in Hawai'i.

HI529 is open to residents of all 50 states. And anyone − grandparents, aunts and uncles, even friends − can open or contribute to an account.

¹Earnings on non-qualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

²An eligible institution includes those that can participate in federal financial aid programs, training and apprenticeship programs, and K-12 programs.

³Qualified student loan repayment expenses are limited to up to $10,000 lifetime per individual, for the Beneficiary or a sibling of the Beneficiary.

⁴For beneficiary changes to occur without incurring federal or state income taxes, the new beneficiary must be a Member of the Family of the former beneficiary. Section 529 defines a Member of the Family member as: a son, daughter, stepson or stepdaughter, or a descendant of any such person; a brother, sister, stepbrother, or stepsister; the father or mother, or an ancestor of either; a stepfather or stepmother; a son or daughter of a brother or sister; a brother or sister of the father or mother; a son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law; the spouse of the beneficiary or the spouse of any individual described above; or a first cousin of the beneficiary. Gift or generation-skipping transfer taxes may apply. Please consult with your tax advisor for further information.

⁵Subject to eligibility requirements. Please see the Program Description for more information. 

⁶Federal law permits you to move the assets in your HI529 account to a different mix of investment options up to two times per calendar year.