Author Archives

  • Reaching your dreams takes a lot more than a little bit ‘o luck

    Lucas Minor
    GET Marketing & Communications Manager
    March 16, 2015

    CSPN_Luck_Quote 3.12.15

    Many symbols associated with St. Patrick’s Day signify luck. Shamrocks, horseshoes and the color green are often revered as tokens that promise bounties of good fortune. However, while there definitely are times where the cards seem to be more in our favor than usual, good fortune typically takes more than luck alone. In fact, the things we attribute to luck are usually direct results of the efforts we make. As Thomas Jefferson is credited with saying, “I am a great believer in luck, and I find the harder I work, the more I have of it.”

  • I’m Not Worried About Paying for College; My Child’s Going to Get a Scholarship

    Jim Peterson
    Marketing Manager, Michigan Education Trust (MET)
    March 9, 2015

    During the course of any conversation I have concerning saving for college with a 529 plan, parents will inevitably ask, “What happens if my son/daughter gets a scholarship?” I understand the question; it’s a valid one. Parents are considering investing their hard-earned money and they’re looking at all the possible outcomes that may affect their investment. Those are important questions to ask.

    But, if you’re a parent that’s putting off saving for your child’s education because you believe your child will attend college on an athletic scholarship, let me share a word of caution – the thousands of dollars you spend in supporting your student athlete will, most likely, not translate into college dollars.

  • Statement from College Savings Plans Network on Passage of H.R. 529

    WASHINGTON, D.C. (February 25, 2015) – Today, the U.S. House of Representatives passed H.R. 529, legislation introduced by Congresswoman Lynn Jenkins (R-KS) and Congressman Ron Kind (D-WI) that would make 529 plans more flexible by making computers an eligible education expense; allowing the redeposit of college refunds without negative tax implications in certain circumstances and updating outdated accounting rules.

  • Join Us in Asking Congress to Pass H.R. 529

    Betty Lochner
    Chair of the College Savings Plans Network and Director of Washington’s Guaranteed Education Tuition (GET) Program
    February 19, 2015

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    This is a very exciting time in the College Savings world as legislation to enhance 529 savings plans has legs in Congress. In fact, H.R. 529 will likely be taken up for vote in the U.S. House of Representatives sometime next week and we want to do everything in our power to ensure that it is passed. We have mobilized our members representing 49 states with 529 Savings Plans to advocate with their Representatives to pass this proposed legislation.

  • Presidents’ Day Reflections

    Lucas Minor
    GET Marketing & Communications Manager
    February 16, 2015

    GeorgeWA-Quote 2.16.15

    Whenever Presidents’ Day rolls around, it rekindles many fond memories from U.S. history classes in elementary and high school. Iconic events come to mind such as George Washington crossing the Delaware, the signing of the Declaration of Independence, the framing of the Constitution and President Lincoln delivering the Gettysburg Address. I was always awed by these great leaders, and the impacts they made, not only in creating, growing and preserving a young nation, but in setting a precedent that representative democracies do work and can thrive. However, as I reflect on these larger-than-life images that many of us hold of our forefathers, I try to remember that despite all of the reverence we project onto them, many saw themselves simply as stewards of democracy and the public’s will.

    To that end, our nation’s leaders have (generally) fought to preserve the foundations of the Constitution and made policy decisions intended to serve the best interest of the people. While our 44 Presidents have certainly held widely varying views on the best approaches to this noble purpose, something most could agree on is the importance of education. It’s hard to disagree with the idea that the dissemination of knowledge is the cornerstone for a thriving economy, an increasingly just political system, and the overall advancement of society.

  • Legislation to Enhance 529 College Savings Plans

    Betty Lochner
    Chair of the College Savings Plans Network (CSPN) and Director of Washington’s Guaranteed Education Tuition (GET) Program
    February 4, 2015
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    Last week Congresswoman Lynn Jenkins (R-KS) and Congressman Ron Kind (D-WI) introduced H.R.529, legislation in the U.S. House of Representatives that would make 529 plans more flexible and remove some of the obstacles participants face while saving for college.

  • Stop to smell the roses

    Sheila Salehian
    Senior Deputy Treasurer, State of Nevada
    February 2, 2015

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    Happy Valentine’s Day! Have you ever wondered about the history of this holiday? Valentines Day is said to have started with an ancient Roman fertility ceremony called Lupercalia, held in mid-February, dating as far back as 496 AD. At the end of the 5th century, Pope Gelasius made it a Christian holiday, and moved the date back one day, to the 14th of February.  There was more than one saint named “Valentine” and as the holiday grew in popularity, it become associated with love and romance in the 1300’s. By the 1840’s it was celebrated in the U.S. with cards to loved ones.

  • President Realizes Formula for College Success Includes Savings Incentives

    Betty Lochner
    Chair of the College Savings Plans Network & Director of Washington State’s Guaranteed Education Tuition (GET) Program
    January 29, 2015

    When I was elected Chair of the College Savings Plans Network (CSPN), never in my wildest imagination did I think I would be debating the value of one of the core benefits and characteristics of 529 plans with the President of the United States. Nonetheless, that is exactly what happened this past week when President Obama announced his plan to repeal the tax benefits associated with 529 college savings plans.

    As soon as the President’s proposal was announced as part of his State of the Union address, members of CSPN rallied together like never before to unite in an advocacy effort to defend the value of 529 plans for the more than 12 million American families that own accounts.  Our goal was to remind the President and our elected officials that planning and saving are vital components to ensuring higher education enrollment rates continue to rise in our country and that families receive the support they need in helping their children fulfill their dreams.