DC College Savings Plan is the District of Columbia's 529 College Savings Plan

Message from Treasurer and Deputy CFO Lasana K Mack.

NEWS:

529 Account Holders Can Now Adjust Strategy Twice per Year in 2009
The U.S. Treasury Department and the Internal Revenue Service have issued a ruling that allows 529 plan account owners to change their investment strategy twice per calendar year. The new ruling, in effect for calendar year 2009, is a direct response to current conditions in the financial markets and a desire to give investors more flexibility in managing their 529 plan accounts

The College Savings Plan Network tells you How to Weather a Volatile Market.

DC Residents-you can now take up to $4000 as a tax deduction when you invest in a DC College Savings Plan.

Saving for higher education may be the most valuable investment you make for the future. When you start saving may be even more important than how much you save, because even small sums can grow over time. Depending on your school choice, you may be able to save enough to pay for all of the tuition, or you may use this account to supplement financial aid and loans. Either way, the DC College Savigs Plan makes your job easier because of these advantages:

Convenience-The program lets you contribute automatically through payroll deduction or automatic deposit.
Tax breaks-You can take a generous tax deduction. You pay no tax on the account's earnings. You pay no tax when you withdraw from the account if the money is used for qualifying education expenses.
Choice-Select among three easy-to-use kinds of investments.
Affordability-You can open an account with as little as:
- $15 per pay period of you select payroll deductions from your paycheck
- $25 per month if you choose automatic contributions from your bank
- $100 if you send a check

Sponsored by The Government of the District of Columbia, Adrian M. Fenty, Mayor; Natwar M. Gandhi, Chief Financial Officer; Lasana K. Mack, Deputy Chief Financial Officer and Treasurer

For more information on the DC College Savings Plan, please contact your financial advisor or call 800.987.4859 (800.368.2745 for non-District residents). An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The District of Columbia College Savings Trust Program Disclosure Booklet contains this and other information. Read it carefully before you invest or send money. An investor should also consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's 529 college savings plan.

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© 2009 Government of the District of Columbia,
Office of the Chief Financial Officer, Office of Finance and Treasury.

The DC College Savings Plan is underwritten and distributed by Calvert Distributors Inc., member FINRA/SIPC,
a subsidiary of Calvert Group, Ltd., a UNIFI Company^SM.

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