State of Hawai’i employees:
Start saving for your child’s education today.

When you enroll in HI529 you get Hawai’i’s state-sponsored, qualified tuition program that offers you tax advantages today while helping your children with their future.

HI529 offers valuable benefits, including:

• Easy, low-cost enrollment — open an account with as little as $15
• Save on autopilot — make saving easier with recurring contributions from your bank account or directly from your paycheck
• Professionally managed investments through The Vanguard Group, Inc.
• Generous tax benefits
• Account access at your fingertips – download the READYSAVE™ 529 mobile app to easily access your account information
• Additional savings through the free Upromise® rewards service¹

With HI529, your money can go further.

Your earnings grow tax-deferred and withdrawals can be used for qualified educational expenses² at any eligible 2- and 4-year colleges, trade schools, and apprenticeship programs³ nationwide and abroad⁴, even K-12 tuition⁵ and to repay student loans⁶.

An education is one of the most important gifts we can give our keiki; with HI529, every State employee has the opportunity to help that gift become a reality. Just remember that the sooner you begin, the more time you’ll have to invest in your children’s future.

Need additional resources?

HI529 Plan Brochure

Payroll Deduction Procedures

¹The Upromise rewards service is an optional service offered by Upromise, Inc. and is separate from HI529. Specific terms and conditions apply. Participating companies, contribution levels, terms and conditions are subject to change without notice.
²Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes.
³Expenses required for participation in a program registered and certified with the Secretary of Labor under the National Apprenticeship Act.
⁴An eligible institution includes those that can participate in federal financial aid programs, training and apprenticeship programs, and K-12 programs.
⁵For Hawaii taxpayers, withdrawals from a HI529 account for K-12 expenses are not considered qualified. Since different states have different tax provisions, if you or your beneficiary are not a Hawaii taxpayer, the state(s) where you pay income tax may differ in its state income tax treatment of K-12 expenses. You should consult your own state’s tax laws or your tax advisor for more information on your state’s taxation of withdrawals for K-12 tuition expenses.
⁶Qualified student loan repayment expenses are limited to up to $10,000 lifetime per individual, for the Beneficiary or a sibling of the Beneficiary