Plan Basics

Brought to you by the Wisconsin Office of the State Treasurer and Wells Fargo Funds Management, tomorrow's scholar^® is an innovative qualified tuition program, available through financial advisors, that helps families invest for one of their most important financial goals – their children's education.

With tomorrow's scholar, you can open an account on behalf of a designated beneficiary. Your contributions are placed in a trust fund established by the State of Wisconsin and are directed into special investment portfolios designed and managed specifically for the program. Earnings in your account will grow federal and potentially state tax-free until the time your beneficiary is ready to go to college, and qualified withdrawals are federally tax-free. The funds are then available to be used to pay for qualified higher education expenses at any eligible school – including technical, vocational, and graduate schools.

tomorrow's scholar was designed with families like yours in mind. The features of the tomorrow's scholar college savings plan make it easy to invest now and use later.

Tax Advantages
Earnings in your account grow federal tax-deferred.
Withdrawals are federal tax-free if used for the child's qualified higher education expenses.
Contributions up to $65,000 per individual and $130,000 per couple may be excluded from federal gift tax pro rata over a five-year period.¹
Completed gifts are considered removed from your estate for tax purposes, while as the account owner, you still retain control of the account.
Wisconsin residents will owe no state income tax on qualified withdrawals.
Contributions of up to $3,000 per beneficiary are deductible from Wisconsin taxable income each year if the beneficiary is your child, grandchild, great-grandchild, niece, nephew, or yourself.
Certain state tax benefits may not be available for non-Wisconsin taxpayers who invest in tomorrow's scholar. Please contact your tax advisor for more information.

Flexible Contribution Options
Start building your account with an automatic investment plan or payroll direct deposit of just $25 a month.
A low initial contribution of only $250 is required to open an account, and it's waived with an automatic investment plan.
Contribute up to $330,000 for a single beneficiary.
tomorrow's scholar offers convenient methods of contributing – check, electronic funds transfer, Federal Wire, automatic investment, and payroll deduction.

Professional Money Management
The Wisconsin College Savings Program Board and the Wisconsin State Treasurer oversee the program.
Wells Fargo, one of the country's leading money managers, provides administration and investment management services for the program.
The investment options leverage the investment expertise of five leading fund families – Wells Fargo Advantage Funds^®, RiverSource Funds, Columbia Funds, Harbor Funds, and ING Funds.

Few Restrictions
Use the money at any eligible institution of higher education in the U.S. (and even some abroad) – including graduate school.
Use the money in your account for a wide range of educational expenses including tuition, fees, books, even room and board expenses.

A program of regular investment cannot assure a profit or protect against a loss in a declining market.

Qualified Higher Education Expenses: These expenses include tuition, fees, and the costs of books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary at any eligible college, university, vocational school, or other post-secondary institution. Certain room and board expenses are also included as long as the beneficiary is enrolled at least halftime. If the beneficiary lives in housing operated by the educational institution, the cost cannot exceed what is normally assessed for most of its residents. The limit for annual room and board expenses covers the allowance included in the "cost of attendance" at the eligible educational institution or, if greater, the actual amount charged by the institution for room and board costs for the applicable period. Qualified expenses also include the purchase of computer technology, equipment, or Internet access and related services paid for or incurred in 2009 or 2010, if such technology, equipment, or services are to be used by the beneficiary and their family during any of the years the beneficiary is enrolled at an Eligible Educational Institution.

Back to qualified higher education expenses.
Qualified Higher Education Expenses: These expenses include tuition, fees, and the costs of books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary at any eligible college, university, vocational school, or other post-secondary institution. Certain room and board expenses are also included as long as the beneficiary is enrolled at least halftime. If the beneficiary lives in housing operated by the educational institution, the cost cannot exceed what is normally assessed for most of its residents. The limit for annual room and board expenses covers the allowance included in the "cost of attendance" at the eligible educational institution or, if greater, the actual amount charged by the institution for room and board costs for the applicable period. Qualified expenses also include the purchase of computer technology, equipment, or Internet access and related services paid for or incurred in 2009 or 2010, if such technology, equipment, or services are to be used by the beneficiary and their family during any of the years the beneficiary is enrolled at an Eligible Educational Institution.

Back to qualified higher education expenses.

This Web site is accompanied by a current program description for the tomorrow's scholar^® plan.

An investor's or a designated beneficiary's home state may offer state tax or other benefits that are only available for investments in that state's qualified tuition program. Please consider this before investing.

Not FDIC Insured • No Bank Guarantee • May Lose Value