The Montana Family Education Savings Program (MFESP) offers a 529 savings plan to help you navigate your way to affording higher education.

The Plan offers these features:

  • Tax-advantaged investing
  • Special tax benefit for Montana taxpayers1
  • You can use the assets at any eligible 2- or 4-year college, vocational/technical school, or graduate school around the country
  Look for exciting changes coming soon to the Montana Family Education Savings Program

Achieve Montana

Offers a range of investment options, enhanced online account management, and innovative features that can help you save.


MFESP Bank Plan

The Bank Plan is currently closed to new investments. To access your existing account, click on the Learn More button below.


1 Contributions up to $3,000 ($6,000 if married, filing jointly) to an MFESP account owned by the taxpayer, the taxpayer's spouse, or the taxpayer's child or stepchild (if the child or stepchild is a Montana resident at the time of the contribution) are deductible in computing Montana adjusted gross income for the tax year in which they are made. Contributions may be subject to recapture in certain circumstances, such as a non-qualified withdrawal or a withdrawal or distribution from an account that was opened within three years prior to the date of the withdrawal or distribution (Recaptured Withdrawal). If the account owner is no longer a Montana taxpayer at the time of a Recaptured Withdrawal, the Program Manager or its service provider may withhold the potential recapture tax from the Recaptured Withdrawal.

For more information about Achieve Montana, call 877.486.9271 or download an Enrollment Kit. The Enrollment Kit includes a Program Description that discusses investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.

If you are not a Montana taxpayer, before investing in Achieve Montana, you should consider the benefits of your home state's qualified tuition program. It may provide taxpayers with state tax and other benefits that are only available through your home state's qualified tuition program. You should also consult your financial, tax, or other advisor to learn how state-based benefits (or limitations) would apply to your specific circumstances. Tax and other penalties may apply to non-qualified withdrawals. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. In addition, you should periodically assess, and if appropriate, adjust your Section 529 Plan investment choices with your time horizon, risk tolerance and investment objectives in mind.

Achieve Montana is sponsored by the State of Montana and administered by the Montana Board of Regents of Higher Education, as sole trustee of the Montana Family Education Savings Trust (Trust). Ascensus College Savings Recordkeeping Services, LLC serves as program manager and provides recordkeeping and administrative support services for Achieve Montana. The Vanguard Group, Inc. and Dimensional Fund Advisors LP each serve as the investment managers for the underlying investments comprising Achieve Montana's portfolios. First National Bank of Omaha serves as manager of Achieve Montana's Savings Portfolio. Although some of the portfolios invest in mutual funds, they are not mutual funds. When you invest in Achieve Montana, you are purchasing portfolio units issued by the Trust. Except to the extent of FDIC insurance that is available for the Savings Portfolio, investment returns are not guaranteed, and you could lose money by investing in Achieve Montana.

Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Upromise is an optional service offered by Upromise, Inc., is separate from Achieve Montana, and is not affiliated with the State of Montana. Terms and conditions apply to the Upromise service. Participating companies, contribution levels, and terms and conditions are subject to change at any time without notice. Transfers from Upromise to an Achieve Montana account are subject to a $25 minimum. Go to to learn more about Upromise.

Upromise and the Upromise logo are registered service marks of Upromise, Inc. Ugift is a registered service mark of Ascensus Broker Dealer Services, Inc., an affiliate of Ascensus College Savings Recordkeeping Services, LLC. Vanguard is a registered mark of The Vanguard Group, Inc. All other trademarks, service marks or registered trademarks are the property of their respective owners. Used with permission.

Contact the Investment Plan. Contact the Bank Plan.

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