State Treasurer Michael Fitzgerald reminds Iowa State Fair visitors to stop by the College Savings Iowa booth and register for a chance to win the College Savings Iowa $5,290 Fall Giveaway for their child or grandchild. “Visit our booth in the Varied Industries building and register to win $5,290 towards a college education for a special child,” Fitzgerald said.
Treasurer Fitzgerald encourages families to start saving for college as soon as possible. “Saving ahead of time may reduce a need to borrow to cover educational expenses, which can help parents – and their children – get through college with less debt,” says Fitzgerald. “Even a small amount of money, invested regularly over time, can grow into a substantial sum.”
Saving for a child’s education is always a smart investment, and College Savings Iowa is here to help. For more information about College Savings Iowa, visit www.collegesavingsiowa.com or call 1-888-672-9116.
*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to
**Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.
Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.
For more information about the College Savings
College Savings Iowa is an Iowa trust sponsored by the Iowa State Treasurer’s Office. The Treasurer of the State of Iowa sponsors and is responsible for overseeing the administration of the College Savings Iowa 529 Plan. The Vanguard Group, Inc., serves as Investment Manager and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists the Treasurer with marketing and distributing the Plan. Upromise Investment Advisors, LLC, provides records administration services. The Plan’s portfolios, although they invest in Vanguard mutual funds, are not mutual funds.