State Treasurer of Iowa

College Savings Iowa Newsletter: 2015 Fourth Quarter

 Our website is new and improved! When you log on, you will see a snapshot of all your beneficiaries and account balances on the My Accounts page.

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Thanks to a recent amendment to Iowa state income tax law, Iowa taxpayers can now contribute to their College Savings Iowa accounts until May 2, 2016, and elect to treat the contributions as a tax deduction on their 2015 Iowa state tax returns (up to the $3,163 maximum per beneficiary account).

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Is saving more for college one of your New Year’s resolutions? Make it easy on yourself—set up recurring contributions to your College Savings Iowa accounts and watch your savings grow.

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The cost of borrowing money for college may add up to more than you think. According to the Institute of College Access & Success, 69% of all students graduating from four-year colleges in 2014 had student loan debt.

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