State Treasurer of Iowa

Spring Giveaway Winner

 Treasurer Michael L. Fitzgerald presented a $5,290 College Savings Iowa account to 6-year-old Haley Link at the Davenport Public Library in June. Haley was chosen to receive the award after her mother, Heather, entered her for the giveaway as part of the College Savings Iowa Spring Giveaway.
 
“With college tuition rising faster than inflation, saving for college is not an easy task these days,” stated Fitzgerald. “Saving ahead of time is one of the most significant things a family can do to help make college a reality for their child. It can reduce a parent’s need to borrow to cover educational expenses, which can help them and their child get through college with less debt.”
 
The College Savings Iowa 529 Plan attended various events across the state this past spring to help spread the message about saving early. While learning about the Plan, families were able to register for the 2013 College Savings Iowa Giveaway. Haley, who was randomly selected from over 8,000 entrants, will be able to use the $5,290 to help pay for tuition, books, room and board at any qualifying institution. 
 
While investors do not need to be a state resident to participate in College Savings Iowa, there are some additional benefits if they are an Iowa taxpayer. Iowans can deduct contributions up to $3,045 per beneficiary account from their adjusted gross income in 2013.* Opening a College Savings Iowa account is simple. With as little as $25 and ten minutes anyone can start investing on behalf of a child. To learn more about College Savings Iowa, please visit www.collegesavingsiowa.com or call 1-888-672-9116. You can also like College Savings Iowa on Facebook by going to www.facebook.com/CollegeSavingsIowa529Plan to keep up to date on future events and giveaway opportunities. 
 
*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.
 
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Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as the 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 Iowa 529 Plan, call 1-888-672-9116, or visit www.collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing.
 
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.
© 2018 State Treasurer of Iowa. All rights reserved.