SAVINGFORCOLLEGE.COM:
NEBRASKA 529 PLAN BEST IN THE COUNTRY

Lincoln, NE - – SavingforCollege.com, a leading online college savings site, has announced that the College Savings Plan of Nebraska was the top-performing plan in a 3-year composite study among plans sold directly to investors.

“To receive such a prestigious recognition is an extraordinary accomplishment,” Nebraska State Treasurer Shane Osborn said. “But I’m by no means surprised because the College Savings Plan of Nebraska has a long and established track record of being a steady and remarkable value for parents, grandparents or guardians concerned about saving money for a child’s education.” 

Said Osborn: “Saving for college is something we take very seriously in Nebraska. From the dedicated efforts of the Nebraska Investment Council, who monitors the overall investment pool, to the dynamic team of financial leaders at Union Bank & Trust, who serve as the program manager, our goal is to ensure that every family, regardless of income, have a simple and affordable way to plan for their child’s future.”

The College Savings Plan of Nebraska has investors from all 93 Nebraska counties and from all 50 states.  Nebraska taxpayers who invest in a 529 college savings plan can claim a state income tax deduction of up to $5,000. In 529 plans, funds are typically invested in a variety of diverse mutual funds, with the returns growing on a tax-deferred basis. And, when the funds are used for qualified college expenses, remain tax free.

“Having been raised by a single mother, I understand the intrinsic value of establishing a smart and thoughtful strategy to address the costs of a higher education,” Osborn said. “As State Treasurer, this will always remain one of my top priorities.”