Treasurer Smith Awards $529 College Savings Iowa Contribution to Family in Iowa County
DES MOINES – State Treasurer Roby Smith awarded a $529 College Savings Iowa contribution to the Layland family of Williamsburg. Six-year-old Jaycee was randomly drawn as the winner of one of Smith’s 529 Day giveaways. “I understand the importance of saving for higher education, which is why I am honored to provide this boost to Jaycee’s education savings,” said Smith. “Open a College Savings Iowa account for a student in your life, and you could be the difference between a dream and reality!”
Treasurer Smith celebrated 529 Day, recognized on May 29, with weekly $529 College Savings Iowa giveaways throughout May. 529 Day is celebrated nationally to raise awareness of the benefits of using a 529 plan, such as College Savings Iowa, to save for education expenses. “Just as each child’s dreams are unique, so is each family’s savings path to get them there,” continued Smith. “College Savings Iowa has options for every investor, and with as little as $25, anyone can open an account to support a child in their life.”
Drew Layland, the winning entrant, met with Smith at the Williamsburg Public Library for a check presentation and discussed the importance of his College Savings Iowa account for Jaycee. “Investing in my daughter's future is something that has always been important to me,” said Layland. “While looking for a way to do that, I came across College Savings Iowa 529. It's a convenient and easy-to-use platform that I would recommend to anyone! My daughter and I would just like to say thank you for the amazing contribution of $529 that is going towards her future!”
College Savings Iowa is a way for parents, grandparents, friends and other relatives to invest on behalf of a future scholar. The funds in College Savings Iowa are not just for a traditional four-year degree. It can be used at trade schools, apprenticeship programs, colleges, universities, K-12 schools and other eligible education institutions. Qualified expenses range from tuition, room and board, books, supplies and more.
The Plan also helps Participants save on taxes while they save for education. College Savings Iowa account assets grow deferred from federal and state income taxes, and Iowa taxpayers can receive a tax deduction up to $3,785 per beneficiary account for their contributions.
To learn more about the Plan, visit CollegeSavingsIowa.com or call (888) 672-9116. Connect with College Savings Iowa on Facebook and Twitter to stay informed on current events and updates. For additional details about the Plan, read the Program Description.