Important Legal Notice:
You should read the Program Description and consider all investment objectives,
risks, charges, and expenses before investing. The Program Description
is available for download on the web or a hard copy can be mailed to you by requesting it online
Except for the underlying investment specified below, investments in UESP are not insured
by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance is provided for the
FDIC-insured accounts held in trust by UESP at Sallie Mae Bank and U.S. Bank (Banks).
Funds in the savings account are insured by the FDIC on a pass-through basis to each account
owner up to the maximum amount set by federal law, which is $250,000. The amount of FDIC
insurance provided to an account owner is based on the total of (1) the value of an account
owner's investment in UESP's FDIC-insured accounts plus (2) the value of other
accounts held (if any) at the Banks, as determined by the Banks and by FDIC regulations.
No Other Insurance and No Guarantees.
Investments in UESP are not insured nor guaranteed by the State of Utah, UESP, the Utah
State Board of Regents, the Utah Higher Education Assistance Authority, other state agencies,
federal government agencies (except to the extent noted above regarding FDIC insurance),
or any employees or directors of any such entities. Units in UESP have not been registered
with the United States Securities and Exchange Commission or with any state securities
The value of your UESP account may vary depending on market conditions and the performance of
the investment option you select. It could be more or less than the amount you contribute; in short,
your investment could lose value. However, subject to the application of Bank and FDIC rules and
regulations to each account owner, funds in UESP's FDIC-insured accounts will retain their value,
whether in the FDIC-insured accounts or when allocated to portions of the Age-Based Aggressive Growth,
Age-Based Growth, Age-Based Moderate, Age-Based Conservative, Customized Age-Based, or Customized Static
investment options (if, in the customized investment options, the FDIC-insured accounts are selected
as an underlying investment).
Non-Utah Taxpayers and Residents.
You should determine whether the state in which you or your beneficiary pay taxes or live
offers a 529 plan that provides state tax or other benefits not otherwise available to you
by investing in UESP. You should consider such state tax treatment and benefits, if any,
before investing in UESP.