In honor and recognition of our fallen soldiers, wounded warriors, and active duty military personnel, the Nevada State Treasurer and the Nevada College Savings Board of Trustees, in partnership with Victory Capital, have established the USAA 529 Distinguished Valor Matching Grant Program to assist Nevada military families and their children attain their higher education goals.
The purpose of the USAA 529 Distinguished Valor Matching Grant Program is to support the education goals of our U.S. military and their families who have either lost a parent or had a parent injured in action. Additionally, through our recent program expansion, children of active duty U.S. military also qualify.
How does the matching grant work?
Account owners may submit a USAA 529 Distinguished Valor Matching Grant at any time. If the application is approved, the account owner is eligible to receive matching funds for contributions made to your USAA 529 Education Savings Plan in the same calendar year. The applicant may also receive contributions for the four following calendar years, up to a lifetime maximum of $1,500 over the five year period (A maximum of $300 per year).
Some examples of the matching rate are shown in the following table:
|If you contribute||Your yearly match is|
There are two ways to qualify for the program
How you apply
USAA 529 Distinguished Valor Matching Grant Program2 funds are available on a first-come, first-serve basis.
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