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What is the maximum I can contribute to a CollegeAmerica account?

April 26, 2017account collegeamerica contribute maximum

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What is the maximum I can contribute to a CollegeAmerica account?

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The maximum contribution limit is $350,000 for each beneficiary. The $350,000-per-beneficiary limit applies across all plans administered by Virginia College Savings Plan, including CollegeAmerica, the Virginia Education Savings Trust, the Virginia Prepaid Education Program and CollegeWealth. Multiple accounts for the same beneficiary will be combined to determine if the maximum contribution amount has been reached. Once the total account balance (including any earnings) reaches $350,000, we will not accept additional contributions or rollovers. If the total account value is below $350,000, you can continue to contribute regardless of how much you have already contributed.