Helping families plan for their future - one dream at a time.
Trusted by families nationwide, Invest529 has helped millions of families plan and save for future education expenses through its tax-advantaged education savings options.
History of Invest529
In 1994, the Virginia General Assembly established an independent, state sustaining agency of the Commonwealth of Virginia to help citizens save for the rising costs of higher education.
That original mission expanded over the years with the passage of legislation allowing families to use 529 accounts for public, private or religious K-12 tuition expenses (2017), for registered apprenticeship programs and certain student loan repayments (2019), and for unused funds from 529 accounts to be rolled over into into Roth IRA accounts (2023).
In 2024, the education savings program was rebranded as Invest529, with the larger organization that administers the education, retirement and disability savings programs becoming Commonwealth Savers.
Invest529 continues to evolve and adapt to meet the expanded educational landscape and the changing needs of families. The heart of the program’s mission, however, remains consistent: providing the foundation and support individuals need to achieve future success.
Commitment to Financial Inclusion
Through SOAR Virginia and other financial wellness initiatives, Commonwealth Savers is breaking down barriers and making higher education more accessible and affordable for students across the state.
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