Currently there are 10 states that offer matching grant programs. If you are a low to middle income parent, you may qualify for this match. the states that have matching grants are:
- North Dakota
- Rhode Island
Each 529 matching grant program is different in each state. They each have eligibility requirements and limitations. Family's that have income levels that fall within a certain level will have money matched dollar for dollar or even two or three dollars for dollar. According to the college savings website Savingforcollege.com, states like Kansas provide a dollar for dollar match up to $600 for family's that have incomes below 200 percent the poverty level. Other states like Arkansas have tiered system on their matching.
Louisiana has a sliding scale and matches 2 percent to 14 percent of annual contributions on incomes up to $100,000 or less.
No matter what the match is it still is free money for your child's education. The biggest restriction on the plan is you have to be a citizen of the state that provides the plan.