With back-to-school in full swing, I know it can be a busy time of year for parents and children alike. It is also a busy time of year for College Savings Iowa! Since the program’s inception in 1998, our message has always been the same: by starting early, saving regularly and making smart investment choices, families can make their savings work for them. To help families with this task, we recently introduced a new financial literacy initiative, College Savings Iowa InFocus, to help them learn how they can make their savings work for them.
This interactive learning experience introduces parents, grandparents and others to the benefits of saving for the higher education of a loved one; it offers savers the chance to understand the ins-and-outs of 529 plans. So take this opportunity to learn about 529s by completing College Savings Iowa InFocus! As a bonus for taking the extra step and learning about saving for your loved ones’ futures, families who complete the 10 minute tutorial are automatically registered to win a $1,000 College Savings Iowa account.
College Savings Iowa is offering an additional $10 contribution to the first 500 people who complete the tutorial and open a College Savings Iowa account as another way to encourage families to take the first step towards saving. The newly established accounts must have a minimum $25 contribution and be opened within the first seven days of tutorial completion to be eligible for the $10 contribution.
By investing in your children’s education, you are investing in their future. I encourage you to make time and evaluate your college savings strategies. I know families are already busy juggling the demands of work and home, which means college planning may be the last thing on their minds. But with the cost of a higher education rising faster than inflation, nearly every family will face the question of how to pay for it when the time comes. Thankfully, the answer is quite simple – start saving today.
To learn more about College Savings Iowa, visit CollegeSavingsIowa.com or call 888-672-9116. Also, be sure to join the college savings conversation by following us on Facebook and Twitter (@Iowa529Plan) to learn about future giveaways, college savings tips and events!
Help make college a reality for the children in your life by starting to save today – you’ll be glad you did!
Michael L. Fitzgerald
Treasurer of State