Indiana News

Indiana Promoting College 529 Program

INDIANAPOLIS (WOWO): Indiana is promoting its college savings accounts by giving away 10-thousand dollars to reload one of them.Indiana began its College Choice 529 program in 1997. 

The tax-advantaged accounts allow you to accumulate interest toward your kids' eventual college tuition. State Treasurer Kelly Mitchell says the advantages aren't just financial — she says studies show students with a 529 account in their name are six times more likely to attend college. 

The program lets you make contributions of as little as 10 dollars at a time, which accumulate interest tax-free as long as the money is eventually used to attend college. 

Mitchell say 250-thousand Hoosiers have four-billion dollars invested in the program.

Related posts

UPDATE: Police Find One Person Dead Inside Fort Wayne Home

Josh Williams

New HUD Secretary Pledges Clout to Revitalize Gary

Kayla Blakeslee

School Safety Grant Program Cut in New Indiana Budget

Tom Franklin