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What is the Montana Family Education Savings Program Bank Plan?

April 26, 2017Bank Education montana family Plan program savings

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What is the Montana Family Education Savings Program Bank Plan?

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It’s a tax-advantaged program created by the state of Montana to encourage families to save for their children’s higher education. The MFESP Bank Plan was established as a qualified tuition program under Section 529 of the Internal Revenue Code. The Board of Regents (BOR) has contracted with College Savings Bank to serve as manager of the program. For more information about the MFESP Bank Plan, visit mfesp.com.