My fellow Nevadans, we have a job to do! It is time we get real about saving for college, and Nevada has a ton of great plans to make paying for college easy; like Prepaid Tuition to lock in tomorrow's tuition at today's prices or 529 accounts that can be opened with just $15. Did you know, kids are 7 times more likely to attend college if they know there is a college savings account in their name to help pay for it?* If that's not simple, I don't know what is! Saving doesn’t just happen overnight, you know!
*2011 report, The Role of Savings and Wealth in Reducing "Wilt" Between Expectations and College Attendance, by William Elliott and Sondra Beverly of the University of Kansas and Washington University in St. Louis.
The Nevada State Treasurer’s Office has a variety of programs designed to help families pay for post high school educational expenses.
Programs work together – Nevada College Kick Start, Governor Guinn Millennium Scholarship, Nevada Prepaid Tuition and 529 savings plans can be used together to cover all expenses, including tuition, books and housing.
Use anywhere in the country – All 529 college savings programs can be used at any institution that accepts federal financial aid.
Nevada programs benefit Nevadans – By selecting a Nevada plan, you will have access to benefits only available to Nevadans, including reduced fees, scholarships and matching grant programs.
Tax advantaged – Many plans offer tax-deferred growth.
Flexibility of options – Plans can be used for some vocational-technical programs in addition to universities and colleges, and benefits can transferred to family members.
I love this state, and I love college! Don’t you? I’m starting middle school this year, and I can’t wait to get into the classroom again, spreading my loud and clear message about saving for college! After all, I did start saving in kindergarten. Savings doesn’t just happen overnight, you know!
Please Note: Before investing in any 529 plan, you should consider whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's 529 plan. You also should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
The Nevada Prepaid Tuition Program is not guaranteed by the state of Nevada. The Nevada College Savings Plans Board provides fiduciary oversight of the program.