CSPN News

  • Who You Gonna Call? 529 Myth Busters

    By Ashley Murdie
    Communications and Financial Literacy Director
    Kansas State Treasurer’s Office
    October 27, 2014

    Halloween is just around the corner, and while the fear of things that creep and crawl through the night may spook others, it’s 529 myths that truly have me worried. All too often, I’ve heard the same myths regarding 529 plans used as reasons by parents for not opening an account.

    It costs too much to start a 529 account.

    My child will have to attend an in-state school.

    I’ll lose the money if my child doesn’t go to college

    Knowing that these 529 myths and others still continue to deter families from using such a valuable resource is alarming, which is why I’ve made it a personal goal of mine to squash these pesky things. I’ve compiled a list of menacing myths below that I plan to debunk in hopes that parents no longer fear the use of 529 accounts in their efforts to save for their child’s education.

  • Lower Prices: Florida Prepaid Plan

    By Kevin Thompson
    Executive Director, Florida Prepaid College Board
    October 20, 2014

    Pumpkins

    Halloween is looming, and families across the country are investing in new costumes for their young superheroes, princesses and vampires. As scary as the tab for those Halloween costumes and trick-or-treat candy can be, it’s not nearly as jarring as the price tag might be on their college education.

  • Fall: A Season of Change

    By Jodi Golden
    Executive Director, Indiana Education Savings Authority<
    October 13, 2014

    Couple in the Fall

    As many families across the country are entering their children’s fall break from school, it’s a great time to reflect on the first few weeks of school. While you’re enjoying the leaf piles and making s’mores around the campfire, take time to ask your kids about areas in school they are enjoying, subjects they may need an extra boost in, and the goals they have set for themselves when they return.

  • Take the Scare Out of Paying For College: Saving vs. Borrowing Can Have a Fiendish Impact!

    By Lauren Shipley
    Public relations and marketing manager, College Savings Plans of Maryland
    October 6, 2014

    Pumpkins
    I hear one frightening theme as I travel in October: “I have been meaning to start a 529 plan for a while.”  I believe many families understand the need to save for college, but often misunderstand the true benefit of saving.

    It may sound bewitching, but each family has the power to cut their child’s future college costs in half. The power lies in saving now versus borrowing later.  To cover $25,000 in college costs, a family could put away $92 a month into a 529 plan for 15 years—a total investment of $17,000.

    1. A family choosing to borrow the $25,000 instead would have to repay roughly $35,000 (or approximately $300 a month over the next ten years)

    2. Their total debt would be double the amount spent by the family who saved. Ghoulish, right?!

  • And That’s a Wrap to College Savings Month!

    By Betty Lochner
    Chair of the College Savings Plans Network and director of Washington’s Guaranteed Education Tuition (GET) program
    September 25, 2014
    Charlie Davenport

    Well it’s been another eventful and all-together successful College Savings Month!

    In case you missed it, throughout the month of September, eight-year-old CSPN correspondent Charlie Davenport was busy investigating the inner-workings of the 529 world in a four-part series titled “College Savings Uncovered.” 

  • College Savings Discussed During NAST Annual Conference

    By Alabama State Treasurer Young Boozer
    September 23, 2014

    Grand Hotel - ariel viewwebFrom September 6-10, the NAST* Annual Conference was held at the Grand Hotel on Mackinac Island, Michigan. It was my first visit there and I know exactly why they call it the Grand Hotel. It is massive, impressive and unique. The weather was spectacular while we were there. Even though it may be a bit difficult to travel to the island, the entire experience is well worth the effort.

  • Americans Continue to Show Their Resolve to Save for College

    By: Betty Lochner
    Chair of the College Savings Plans Network & Director of Washington’s Guaranteed Education Tuition (GET) Program
    Sept. 9, 2014

    Money851x564
    Education is the key to unlocking the door to opportunity. Throughout the past several years, new research continues to provide supportive evidence that a college degree not only increases the economic earning power of both individuals and our national economy, but it is also proven to contribute to improved health, homeownership, voting rates, community volunteerism and other social benefits.  While there is no doubt the cost of a college education has increased dramatically in the past two decades, Americans continue to display their growing value of a college degree by saving more of their hard-earned dollars for the future higher education expenses of their children.

  • Celebrate Grandparent’s Day, Sunday September 7th

    By: Hon. Michael L. Fitzgerald
    State Treasurer, State of Iowa
    September 5, 2014

    Treasurer FitzgeraldAs a grandparent there are few things that give me as much joy as watching my grandson, Michael, learn and discover new things. Whether we are visiting a petting zoo, reading a book or simply playing with items around the house, the amazement in his eyes at each new discovery is truly fascinating. As he continues to grow, I hope that he continues to be intrigued and amazed by each new thing he learns. As a grandparent, I want to help prepare him for any future higher-education costs he may encounter on his journey of discovery. That is why I make contributions to my College Savings Iowa 529 plan for Michael.

  • It’s College Savings Month!

    By Cassandra Sherrill
    Marketing Coordinator, Georgia’s Path2College 529 Plan
    September 2, 2014
    family image

    Time to kick-off your shoes, pop open a cool drink and enjoy the last days of that summer fun in the sun! That’s right – it is Labor Day! This landmark weekend not only marks back-to-school season but also the beginning of College Savings Month.

  • Tips for Surviving the First Year of College

    By Ryan Betz
    Associate Director, Marketing & Communications
    Washington’s Guaranteed Education Tuition (GET) program
    Aug. 18, 2014

    students
    Right now, thousands of recent high school graduates across our state are gearing up to leave for college in just a few short weeks. The questions that come with leaving for college can be a bit unnerving so I thought I would share some advice and tips for surviving the first year and making the most of your time on campus.

  • Sleep Better When You Have a Plan

    By Bonnie Carroll
    Marketing Director, Education Trust of Alaska
    August 11, 2014

    sleep
    What would you do if your newborn tried to make this deal with you? Would you be able to find the time and funds to open a college savings account? I’m pretty sure even the most cash poor, sleep deprived parent would manage to open a 529 account if it meant a good night’s sleep.  Many parents post pone saving because they feel they can’t find the time and they don’t have the funds.  But the truth is, it doesn’t take much of either to get started and infancy is the best time to begin.