Affiliate Programs Utah System of Higher Education Utah Higher Education Assistance Auth. Utah Educational Savings Plan Utah Electronic College Utah Majors UtahFutures Utah Scholars Utah Student Association Utah New Century Scholarship

• Home
• Plan Benefits
  • Tax Advantages
  • Low Fees
  • Flexibility
  • Simple & Easy
• How Our Plan Works
  • Plan Basics
  • Opening Your Account
  • Make a Contribution
  • Withdrawing Your Money
• FAQs
  • General Plan Questions
  • Program Participation
  • Opening and Contributing to Your Account
  • Using Your Account
  • Specific Account Information
  • Tax Considerations
  • Payroll Deduction
  • Web Site Security
• Planning Tools
  • Ways to Save
  • Online Resources
• Investment Options
  • Summary of Options
  • Fees & Expenses
  • Investment Returns
• Investment Returns
• For Utah Residents
  • Utah's Official 529 Plan
  • Fee & Tax Savings
  • Utah State Income Tax Credit
  • Fast Forward Matching Program
  • Regents' Scholarship
• Forms
• Request Materials
• Contact Us

Fast Forward Matching Program

The Utah Educational Savings Plan Fast Forward Matching Program will match net contributions, dollar for dollar, up to $400 annually per beneficiary for qualified accounts. Participation in the program is limited to four years for each beneficiary. UESP established this program to help qualified Utah taxpayers save for future qualified higher education expenses.

To qualify for matching contributions in 2010, the total income you reported on your 2009 federal and Utah state tax returns can be no more than 200 percent of the federally established poverty guidelines (see the table below):

Source: U.S. Department of Health and Human Services. The above income levels represent 200 percent of the 2008 federal poverty level and will be used through 2010.

Please act quickly. Annual Fast Forward Matching Program funds are limited and will be distributed to qualified families in the order in which applications are received. For more information and to learn about additional eligibility requirements and rules, please download the Fast Forward Matching Program Supplement or call us at 800.418.2551.

---

© 2010 Utah Educational Savings Plan, all rights reserved.
The terms Utah Educational Savings Plan and UESP are registered service marks.

Investors should read the Program Description and consider all investment objectives, risks, charges, and expenses before investing. The Program Description is available for download on the Web or a hard copy can be mailed to you by requesting it online from this Web site.

FDIC Insurance. Except for the underlying investment specified below, investments in UESP are not insured by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance is provided for the FDIC-insured savings account held in trust by UESP at Zions First National Bank (Bank). Funds in the savings account are insured by the FDIC on a pass-through basis to each account owner up to the maximum amount set by federal law—currently $250,000. The amount of FDIC insurance provided to an account owner is based on the total of (1) the value of an account owner’s investment in UESP’s FDIC-insured savings account plus (2) the value of other accounts held (if any) at the Bank, as determined by the Bank and by FDIC regulations.

No Other Insurance and No Guarantees. Investments in UESP are not insured nor guaranteed by the State of Utah, UESP, the Utah State Board of Regents, the Utah Higher Education Assistance Authority, other state agencies, federal government agencies (except to the extent noted above regarding FDIC insurance ), or any employees or directors of any such entities. Units in UESP have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

Account Value. The value of your UESP account may vary depending on market conditions and the performance of the investment option you select. It could be more or less than the amount you contribute; in short, your investment could lose value. However, subject to the application of Bank and FDIC rules and regulations to each account owner, funds in UESP’s FDIC-insured savings account will retain their value, whether in Option 11, or when allocated to portions of Options 2, 3, 7, 8, 9, or 12 (if the FDIC-insured savings account is selected as an underlying investment).

Non-Utah taxpayers and residents: You should determine whether the state in which you or your beneficiary pay taxes or live offers a 529 plan that provides state tax or other benefits not otherwise available to you by investing in UESP. You should consider such state tax treatment and benefits, if any, before investing in UESP.

Fast Forward Matching Program Supplement and Application
click here

UESP Program Description
click here

UESP Account Agreement
click here