The USAA 529 College Savings Plan is a smart way to save for your child's college education. Your investments can grow with tax-deferred earnings. When it's time for your teenager to head off to college, distributions for their tuition and books will be federal income tax free. The USAA 529 College Savings Plan is a state-sponsored qualified tuition plan managed by investment experts. USAA partnered with the Upromise rewards service to help you save and potentially earn even more. Upromise's gifting program, Ugift, makes it convenient for family and friends to make college fund contributions — starting your child's future in a smart way.