Program Description


Regents' Scholarship and
the Utah Educational Savings Plan

The Regents' Scholarship encourages Utah high school students to prepare for college academically and financially by taking a core course of study and saving for college. The scholarship may be used at any public college or university in the Utah System of Higher Education, as well as at Brigham Young University, LDS Business College, and Westminster College.

The Regents' Scholarship is a tiered award system comprised of a Base Award, Exemplary Academic Achievement Award, and a Utah Educational Savings Plan Supplemental Award.

This scholarship awards students who complete the Utah Scholars Core Course of Study during high school grades 9–12. All required courses must appear on an official high school or college transcript. Courses taken in grades 7 and 8 do not satisfy scholarship requirements. All of the Regents' Scholarship requirements must be completed by the date of the student's high school graduation. For more details go to www.higheredutah.org.

Utah Educational Savings Plan Supplemental Award worth up to $400 (one-time payment)

Utah Educational Savings Plan (UESP) also encourages college savings, and supports the Regents' Scholarship. A student who qualifies for the Regents' Scholarship may receive a Utah Educational Savings Plan Supplemental Award of up to $400. The UESP Supplemental Award is based on yearly contributions to the student's Utah Educational Savings Plan account. To receive this award a student must:

  1. Meet the qualifications for a Regents' Scholarship Award.
  2. Have a Utah Educational Savings Plan account with the student named as the beneficiary and showing annual contributions of $100 or more during the ages of 14, 15, 16 or 17.

To maximize the award, a contribution of $100 or more would need to be made during each year (year is based on birth date, not calendar). The supplemental award is not deposited in your UESP account but is added to the scholarship.

For more information about the Utah Regents' Scholarship:

Click here to open a UESP account.

© 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.

"If a man empties his purse into his head, no one can take it away from him. An investment in knowledge always pays the best interest."

Benjamin Franklin
1706–1790