September is College Savings Month
State Treasurer Curtis Loftis encourages residents to take advantage of Future Scholar, the state-sponsored 529 college savings plan.
State Treasurer Curtis Loftis has proclaimed September as College Savings Month in South Carolina. Click here to view the proclamation.
College Savings Month is designed to build awareness of the long-term financial planning that is required in today’s economy to help ensure that a college education is financially attainable for all South Carolinians.
“Creating more jobs in South Carolina is important and one of the best ways to do that is to have a well- educated workforce,” Treasurer Loftis said. “A college education is the first step to success and it is important to start saving early for college expenses. South Carolina’s Future Scholar 529 Plan is an easy way to save and is the perfect building block to help pay for a child’s education.”
Future Scholar has more than 90,000 accounts and is highly rated by independent industry experts at savingforcollege.com. Automatic investments into a Future Scholar account require little to no monthly minimum and, in most cases, contributions into a Future Scholar plan are tax-deductible for South Carolina taxpayers.
Future Scholar accounts can be used to pay for qualified higher educational expenses at most public or private two or four year institutions. Qualified higher education expenses include tuition, fees, books, room and board and supplies and equipment.
Click here to learn more about opening a Future Scholar 529 College Savings Account or visit www.treasurer.sc.gov.
Marcos Cordero
10:39 am on Thursday, September 13, 2012
Congratulations to the State of South Carolina for having an executive in the government working on a long term investment - our children's education. Statistics show that it's important to just get started with 529s, even if it's 25/month and start to build that discipline!
For parents that want to share with their friends and family, a college savings registry like GradSave can help!
Dr. Thomas
7:33 pm on Monday, October 8, 2012
It's nice to read about a State Treasurer actually concerned about providing state residents a program that helps families save for college. I found a site about 5 months ago that was free to sign-up and provided me a educational savings program to help save for my children's college. It's called<a href="http://www.missiontuition.com">Mission Tuition</a> and I have saved over $180 to date. I called them after reading your article and asked if I could transfer my funds to Future Scholar and they actually encouraged me to sign-up with you and they would transfer my monthly saving directly to me so I could deposit into my FS account. Great program and it was free.