Although Scholars Choice is administered by the State of Colorado, it is available to everyone living in the U.S., and can be used to save for expenses at eligible schools nationwide.
With Scholars Choice, parents, grandparents and friends of a child can invest anywhere from $25 to $150,000 for education expenses. Earnings grow federally tax-deferred, and withdrawals can be used to pay for tuition, room & board, books and supplies.