How you can start saving for child’s education

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Jenny Sass, Outreach Specialist for Utah Educational Savings Plan, is here talking about the one thing on every graduates mind-tuition money.

May 29th is national 5-29 Day and because Utah Education is a 529 plan, they have a promotion for Utah residents to open accounts.

If Utahans open an account on either May 29th or 30th and put in $25, they’ll match the first $25. If they contribute the $25 AND ALSO set up a recurring monthly contribution to their new my529 account… they’ll contribute an additional $15 in November (six months later).

About my529:

It is a tax-free growth on investment when used for tuition, certain room and board costs, books, fees, computers and computer-related costs.

You don’t have to go to a Utah school, you can go to any school that accepts federal financial aid (public, private, in-state, out-of-state, tech school, junior college, etc.).

Additionally, you can use up to $10,000 per year, per beneficiary, to also pay for K-12 tuition at any public, private, or religious school.

Visit www.my529.org for more details

This story includes sponsored content.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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