The Kentucky Education Savings Plan Trust can help families save, in a planned way, for a child's higher education. Earnings are exempt from Kentucky taxes and are deferred from federal taxes until distribution. The younger the child is when participation begins, the better prepared the family will be to meet growing educational costs. The Commonwealth Postsecondary Prepaid Tuition Trust Fund was established by the 2000 Kentucky General Assembly and will be implemented in 2001.
Families have the option of investing in either program or both.
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