By Hon. Michael L. Fitzgerald
State Treasurer, State of Iowa
April 30, 2013
Whether they are graduating from kindergarten, elementary school or high school, there is no better way to celebrate a child’s education than with a contribution to their 529 Plan college savings account. This graduation season, in order to encourage families and friends to give the gift of higher education, the College Savings Plans Network has compiled information and tips for people looking to give the gift of education.
Nearly all 529 plans have safe and convenient ways for friends and family to contribute to established accounts. In addition, several commercial websites unaffiliated with 529 plans provide tools to assist with gift giving. It’s important that parents do their homework before encouraging gifts for their own child and that friends and family understand the process as well.
As the cost of higher education continues to rise, putting a child through college takes a village. CSPN’s goal is to make the gift-giving process as seamless as possible. By educating the general public about 529 Plan gifting, more students will ultimately benefit.
For more information about gifting and 529 plans go here.
About the Author:
Iowa State Treasurer Michael L. Fitzgerald is the Chair of the College Savings Plans Network and the administrator of Iowa’s 529 College Savings Programs including College Savings Iowa, with more than $3 billion invested.