Kansas 529 Initiative for Noncustodial Parents

The Assets for Independence (AFI) Resource Center released an article introducing and explaining the 529 plan. The State of Kansas is promoting savings for postsecondary education by offering this unique 529 plan for noncustodial parents. The 529 plans are investment accounts for postsecondary education expenses that may increase in value over time. Contributions to 529 plans may be deducted from income taxes. In the State of Kansas, under the Child Support Savings Incentive (CSSI) Program, eligible noncustodial parents can now open and contribute to 529 savings accounts for their children and receive a reduction in State child support arrears of double the amount deposited. For every one dollar saved towards their education, they receive a reduction in arrears of two dollars.