If you’re like many parents, you’re already saving for college through a 529 plan — a smart, tax-advantaged way to invest in your child’s future. But did you know that you can now use your 529 funds to cover SAT/ACT test prep?
That’s right — families can get tax-free reimbursement from their 529 accounts when they use those funds to pay for qualified test preparation services. And the process is much simpler than you might think.
How It Works
Using your 529 plan for test prep is easy:
- Sign up for test prep with Milestone — our expert tutors and comprehensive programs are fully 529 compliant.
- Pay for the services out-of-pocket.
- Submit your invoice or receipt through your 529 provider’s portal.
- Receive reimbursement — tax-free.
There’s no need for complicated paperwork or red tape. Milestone provides all the documentation you need to make the reimbursement process smooth and straightforward.
Why It’s Worth It: The ROI of Test Prep
Think of test prep not just as an expense, but as an investment — one that can deliver a substantial return. Here’s how:
- Higher SAT/ACT scores can unlock state-funded scholarships such as Florida’s Bright Futures or Georgia’s Zell Miller Scholarship, which offer thousands of dollars in tuition aid.
- Many colleges offer merit-based scholarships tied directly to test scores, sometimes worth $10,000 to $100,000+ over four years.
- A strong test score can make a student more competitive for selective admissions, honors programs, and private scholarships.
In short, a few hundred dollars invested in test prep can lead to tens of thousands of dollars in savings on college costs.
Why Families Choose Milestone
At Milestone, we specialize in helping students reach their full potential. Our test prep programs are designed to build confidence, improve scores, and maximize scholarship opportunities. And now that our services are 529 compliant, there’s never been a better time to get started.
Ready to Start?
Let your student put their best foot forward on the SAT or ACT — and let your 529 help pay for it.
[Enroll Now] or contact us with questions about 529 reimbursement and test prep options.
Disclaimer:
Please note that 529 plan regulations can vary by state and plan provider. While Milestone’s test prep services are 529 compliant, we recommend consulting with your accountant, financial advisor, or 529 plan administrator to confirm eligibility and ensure proper documentation for reimbursement.
