If you’re still looking for a gift for a school aged child in your life Nebraska State Treasurer John Murante says encourages families give a financial contribution to a NEST 529 College Savings account.\
A gift of $20 or $50 to a college savings account can mature into a bigger gift in the future. “Inflation is putting a greater emphasis on every financial decision Nebraskans have to make this holiday season,” Murante says. “Rather than dipping into savings or hunting for a bargain on a toy or piece of clothing that someone might outgrow , gift a contribution to a NEST 529 account. It’s a long-term investment in your loved one’s future that will help ease future financial burdens that can add up with higher education.”
According to College Board the average rate of tuition at public two- and four-year colleges increased by an average of 1.7% for the 2022-2023 school year. Monetary gifts to a NEST 529 account can grow tax-free over time, and will help offset some of the rising costs of tuition, fees, and books. Murante says a NEST 529 plan is a tax-advantaged account that can be used for everything from four-year universities to two-year technical schools.
Account owners can invite friends and family members to contribute to a NEST 529 account. To get started click here Visit NEST529.com to read more about the benefits of a NEST 529 College Savings Plan.