Minnesota College Savings Plan
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Minnesota
At a glance
- Contribution benefit
- A tax credit
One of five plans providing a credit rather than a deduction. Minnesota also extends its benefit to contributions made to any state's 529 plan.
- K–12 distributions
- Not allowed
A K–12 withdrawal may be tax-free federally but taxable here. See the conformity rule.
- Aggregate contribution maximum
Not stated in this edition. Nationally the range runs from $235,000 to over $621,000 — see the program description.
- Recapture of state tax benefits
- Roth IRA conversions
Previously deducted or credited amounts may be added back to state taxable income for these distributions.
Plans
Program description ↗
Flagship public university
Univ. of Minnesota
| Tuition & fees | Room | Board | Books | Total | vs. national |
|---|---|---|---|---|---|
| $15,712 | $8,200 | $5,400 | $1,250 | $30,562 | +25.1% |
National average across all 50 states: $26,485 per year, in-state, 2025–26. Compare every state →
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