September – College Savings Month
The College Savings Plans Network has been joined by more than 40 states in declaring September “College Savings Month”. Section 529 plans make it easy and affordable for the average family to plan ahead for the cost of college attendance and are available in 49 states and the District of Columbia. Across the nation, many activities are held during September to recognize the importance of saving for college.
Check out the opportunities available through your state’s Section 529 plan by selecting “My State’s Plan” from the menu above.
The following is a Congressional Resolution officially recognizing September as “College Savings Month”:
Past Congress Recognizes Importance of College Savings
H. CON. RES. 270
Passed the House of Representatives October 15, 2003
Whereas, the people of the United States recognize the challenge and accept the responsibility of obtaining the education and skills that will enable them to successfully compete in the global economy of the 21st century;
Whereas, since 1980 the rate of increase of the cost of postsecondary education has exceeded the rate of increase of inflation, public assistance to students, and family income;
Whereas, the rapidly rising cost of postsecondary education poses a serious threat to the ability of the people of the United States to ensure their and their children’s access to postsecondary education;
Whereas, since 1992 the annual amount of new student loan commitments has increased from $15,000,000,000 to $35,000,000,000, which represents an increasing burden on college graduates to pay for their college education long after that education is completed;
Whereas, it is in the interest of the Nation to ensure that the people of the United States have the opportunity to obtain a postsecondary education and to encourage parents to save for their children’s education;
Whereas, many States have offered tax incentives to encourage their citizens to save for educational expenses;
Whereas, additional Federal tax incentives to encourage the people of the United States to save for educational expenses became effective after December 31, 2001; and
Whereas, the National Association of State Treasurers and the College Savings Plan Network have requested that the Congress designate September as College Savings Month in order to raise public awareness about the need to save for educational expenses:
Now, therefore, be it Resolved by the House of Representatives (the Senate concurring), That the Congress supports the goals and ideals of College Savings Month.
This resolution expired at the end of the 108th Congress.
529 Day (May 29th)
The College Savings Plans Network has been joined by more than 30 states in declaring May 29 “529 Day”. Many activities are held during May to recognize the importance of saving for college with a 529 plan.