10 Ways the Tomorrow’s Scholar 529 Plan Can Help Your Child Succeed
Child sitting behind books, apple and colored pencils

Investing in your child’s education is one of the most meaningful financial decisions you’ll make. With tuition costs rising, having a smart, flexible savings strategy is essential. The Tomorrow’s Scholar 529 Plan offers powerful advantages to help you prepare for future education expenses—and give your child a head start on success.

1 Access top-tier investment expertise 

Benefit from a multi-manager approach that includes industry leaders like Voya, T. Rowe Price, BlackRock, and JPMorgan. This structure offers broader diversification and a range of investment strategies—so your child’s future is backed by the collective insight of seasoned professionals. 

2 Customize your investment strategy 

Every family’s financial journey is unique. Choose from: 

  • 4 share classes to meet your needs (A, C, C1, and W shares)
  • 9 age-based portfolios that automatically adjust over time
  • 5 risk-based options
  • 18 single-fund choices to build your own portfolio
  • Prefer added security? Opt for our principal protection option with a guaranteed rate of return1 

3 Save big with generous contribution limits 

With lifetime contribution limits exceeding $589,000, the Tomorrow’s Scholar 529 Plan gives you room to save ambitiously for your child’s future. 

4 Maximize tax advantages 

Wisconsin residents enjoy a state tax deduction on contributions.* Plus, any excess contributions can be carried forward for future deductions—helping you optimize your tax strategy year after year. 

5 Stay ahead with federal law updates 

Our plan automatically aligns with federal legislation, giving you immediate access to new benefits—like rolling over unused 529 funds to a Roth IRA and expanded eligible expenses. 

6 Choose an award-winning plan 

Tomorrow’s Scholar has earned “High Honors” from Savingforcollege.com—one of the few advisor-sold plans to do so. This recognition reflects our commitment to quality, transparency, and long-term value. 

7 Open and manage accounts anytime, anywhere 

With the Active Investor portal and mobile app, you can check balances, monitor performance, and access documents—right from your phone or computer. 

8 Protect your savings from creditors 

Your education savings are safeguarded by creditor protection provisions, offering peace of mind that your funds will be there when your child needs them most. 

9 Make gifting easy and personal 

Our Gifting Portal lets friends and family contribute to your child’s 529 account for birthdays, holidays, or milestones. Create a personalized page with a photo and message to make every gift meaningful. 

10 Use smart planning tools to stay on track 

Explore our suite of online tools: 

  • College Funding Planner: See how much you need to save
  • Financial Aid Calculator: Estimate eligibility
  • Saving vs. Borrowing Tool: Understand the long-term impact of starting early 
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1. Guarantees are based upon the claims-paying ability of the issuing company

 

*State tax treatment of withdrawals for K-12 expenses and postsecondary credential programs is determined by the state where you file state income tax. Consult with a tax advisor before withdrawing funds for any such expenses.

Tomorrow’s Scholar is Wisconsin’s state-sponsored college savings plan administered by the College Savings Program Board and the State of Wisconsin. Voya Investment Management (Voya IM) provides investment management and administrative services for the Tomorrow’s Scholar plan. Shares in the program are distributed by Voya Investments Distributor, LLC.

This Web site is accompanied by a current program description for the Tomorrow’s Scholar plan. An investor’s or a designated beneficiary’s home state may offer state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. Please consider this before investing. Earnings component of non-qualified withdrawals may be subject to federal and state taxes and the additional federal 10% tax. The tax information herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor. Investments in Tomorrow’s Scholar 529 Plan are subject to certain charges, which will reduce the value of your Account as they are incurred. Please see the Program Description for details of charges or fees that apply to the specific Tomorrow Scholar savings plan. Investments in Tomorrow’s Scholar 529 Plan are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors. Voya Investment Management does not control or endorse and is not responsible for third-party Web sites to which this site links. Voya Investment Management is not an underwriter for any underlying municipal securities. 

An investor should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. More information about municipal fund securities is available in the issuer’s Program Description. You may obtain a Program Description by clicking here or calling 866-677-6933. The Program Description should be read carefully before investing. Voya Investments Distributor, LLC, the distributor of the Wisconsin advisor-sold 529 plans, is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (“MSRB”). The website address for the Municipal Securities Rulemaking Board is www.msrb.org; The MSRB website includes an investor brochure which describes: (i) the protections that may be provided by the Municipal Securities Rulemaking Board rules; and (ii) how to file a complaint with an appropriate regulatory authority

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