CollegeInvest administers Colorado's 529 college savings plans, providing a variety of options for families to save for college while taking advantage of tax deductions. Colorado residents can deduct every dollar contributed from their state income tax, and earnings and interest gains are tax-free when used for higher education. The 529s can be used nationwide at eligible educational institutions, with no age or income limits to participate. Accounts can be opened with as little as $25. CollegeInvest also offers support and educational services for companies and financial/tax advisors.