Tomorrow's Schollar is an innovative 529 plan, available through financial advisors, that helps families invest for one of their most important financial goals – their children's education. With tomorrow's scholar, you can open an account on behalf of a designated beneficiary. Your contributions are placed in a trust fund established by the State of Wisconsin and are directed into special investment portfolios designed and managed specifically for the program. Earnings in your account will grow federal and potentially state tax-free until the time your beneficiary is ready to go to college, and qualified withdrawals are federally tax-free. The funds are then available to be used to pay for qualified higher education expenses at any eligible school – including technical, vocational, and graduate schools.