Montana Residents
Montana Residents

Montana Residents


Updates on Tax Reform,
  SECURE Act, Montana
Taxation of Distributions
for K-12 Tuition, 
Apprenticeship Program Expenses,
and Education Loan Repayments

> Learn More <

We will continue to
our website as more
information becomes available.



The Bank Plan 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). College Savings Bank, a Division of NexBank supports all aspects of the day-to-day operations of the Bank Plan, including recordkeeping and administrative support. CDs issued by the Plan may be subject to early withdrawal penalties. For additional information, please refer to the MFESP-Bank Plan Disclosure Statement. 

Tax and other penalties may apply to non-qualified withdrawals from a MFESP-Bank Plan account. You should consult your financial, tax, or other adviser to learn how state-based benefits (or limitations) will apply to your specific circumstances. The Bank Plan is not insured by the State of Montana, nor is the principal and interest invested in the plans thereon guaranteed by the State of Montana.