State Treasurer Roby Smith is reminding Iowans to register for the College Savings Iowa Year-End Giveaway before it ends on December 31, 2023.
“If you know a child and want to start their education savings or give their existing savings a boost, register to win one of two $5,290 College Savings Iowa account contributions at Iowa529Contest.com,” Smith said. “Whether you’re a parent, grandparent, other family member, or friend, give the gift of education this holiday season and register today.”
The College Savings Iowa 529 plan is a tax-advantaged way to save for tuition; room and board; computers; textbooks and other qualified education expenses at any eligible higher-education institution in the U.S. or abroad. This includes colleges, universities, trade schools and apprenticeship programs. Additionally, up to $10,000 per year per student can be withdrawn to pay for tuition expenses in connection with enrollment at a K-12 institution. “It’s the perfect gift for any child, with any dream,” concluded Smith.