The Meadowlark Savings Pledge provides eligible Nebraska newborns with a NEST savings account for education expenses when the time comes. Babies born in Nebraska will receive a Meadowlark account, as directed by the Meadowlark Act. The program was effective starting in 2020.
Meadowlark funds may only be used to pay the qualified higher education expenses of the child at an eligible educational institution located in Nebraska. Any disbursement from the Meadowlark Program shall be made before the qualified child reaches age 30. At age 30, any unused funds shall no longer be available. Please review the program details at https://nest529.com/meadowlark/.
The College Savings Plan Low-Income Matching Scholarship Program provides matching scholarship contributions to eligible beneficiaries in the Nebraska Educational Savings Plan Trust. This includes the NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the State Farm 529 Savings Plan and the Bloomwell 529 Education Savings Plan.
Scholarship funds may be used to pay for a beneficiary’s qualified higher education expenses associated with attending any accredited college or university, including trade and technical schools, in the State of Nebraska. To learn more about the Program and to apply, please review the program rules and application documents at
https://nest529.com/low-income-matching-scholarship-program/. Applications must be postmarked by December 31, 2021.
The Employer Matching Contribution Incentive Program provides incentive payments to employers that make matching contributions to their employees' Nebraska Educational Savings Plan Trust (NEST) accounts. NEST consists of four 529 plans: the NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the Bloomwell 529 Education Savings Plan, and the State Farm 529 Savings Plan.
Employers may receive an incentive payment equal to 25% of their total eligible contributions, up to $2,000 per contributing employee. Incentive payments are based on amounts an employer contributed to NEST accounts during the immediately preceding calendar year. To learn more about the Program and to apply, please review the program rules and application document at
https://nest529.com/employer-matching-contribution-incentive-program/. June 1, 2022, is the application deadline for Employer Matching Contributions made in 2021.
