Dollars for College | United Way of Metropolitan Dallas

DOLLARS FOR COLLEGE

Invest in Your Child’s Future

Dollars for College is a savings program designed to help North Texas students achieve their dreams of attending college. The program provides a safe, easy and affordable way to open a my529 children’s savings account for college. Plus, if your child attends school in Lancaster or Richardson ISD, the district will make an opening deposit of $50 in your child’s account! 

A college savings account can make a big difference in a child’s life. With as little as $500 saved, your child is three times more likely to attend college and four times more likely to graduate.  

Attending and completing college can set your child on a path to a good-paying job, career advancement and a lifetime of financial security. 

WHY OPEN AN ACCOUNT?


IT’S EASY

You can open a Dollars for College account directly online—at any time.


IT’S FREE

Open an account for free—no minimum deposits or balance, and no enrollment fees.


IT’S FLEXIBLE

There are no age, income or residency restrictions, and you can choose from a range of investment options.

IT’S SMART

Enjoy tax-deferred growth, tax-free withdrawals and low account fees.

How Does it Work?

Once you have opened a my529 children’s savings account, you must use withdrawals for qualified higher education expenses of your child at any eligible educational institution in the United States or abroad that participates in federal student aid programs.  

Qualified higher education expenses include: 

  • Tuition and mandatory fees 
  • Books, supplies and equipment required for enrollment 
  • Computers and peripheral equipment, educational software and internet access 
  • Room and board for students enrolled at least half-time 
  • Services a special-needs child requires to enroll or attend a post-secondary school 
  • K-12 tuition expenses at public, private or religious schools 

OPEN YOUR ACCOUNT TODAY

My child attends a school in Lancaster ISD

Create an Account

My child attends a school in Richardson ISD

Create an Account

Parent resources:

For more information, contact the Dollars for College Program Administrator at DollarsForCollege@unitedwaydallas.org

PROGRAM PARTNERS

Dollars for College is a partnership between:

Communities Foundation of Texas • the Lancaster Independent School District
the Richardson Independent School District • RAISE Texas • United Way of Metropolitan Dallas

Financial support for Dollars for College generously provided by:

Boone Family Foundation • Brennan Financial Services • Caruth Foundation (CFT)
Lancaster ISD • Meadows Foundation • Social Venture Partners, Dallas • United Way of Metropolitan Dallas • Wells Fargo

For more information, contact Greg Mangum at United Way of Metropolitan Dallas