Lincoln, Neb. (June 5, 2019) – Nebraska State Treasurer John Murante today announced the signing of Nebraska Legislative Bill 610, promoting Nebraskans’ access to higher education through innovative college savings incentives.
Lincoln, Neb. (June 5, 2019) – Nebraska State Treasurer John Murante today announced the signing of Nebraska Legislative Bill 610, promoting Nebraskans’ access to higher education through innovative college savings incentives.
The legislation establishes the following programs:
“This legislation is a cornerstone of my platform as Treasurer. I am delighted to see it pass so early in my term, and heartened by the unanimous support it has received,” said Treasurer Murante. “Every Nebraskan with a dream of higher education deserves that opportunity, and this legislation helps future generations overcome the financial obstacles in their path. I will continue to dedicate my time and efforts to build upon this momentum and best serve the people of Nebraska.”
Incentives and scholarship contributions for the Employer and Low-Income Matching Programs will be allocated from a private-public partnership with no funding from Nebraska’s taxpayers.
“From the beginning NEST 529 has been a trailblazer in innovative college savings support, and this legislation underscores and magnifies the Treasurer’s and our collective mission even further,” said Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha. “We look forward to these great financial benefits for Nebraskans and all families who take advantage of the NEST 529 college savings program.”
To read the full bill, visit https://nebraskalegislature.gov/FloorDocs/106/PDF/Slip/LB610.pdf
About NEST 529
NEST 529 is a tax-advantaged 529 college savings plan and provides four plans to help make saving for college simple and affordable: NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the Bloomwell 529 Education Savings Plan, and the State Farm 529 Savings Plan. The Nebraska State Treasurer serves as Program Trustee. Union Bank & Trust Company serves as Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using Nebraska’s 529 College Savings Plans, which have more than 297,000 accounts, including over 97,000 Nebraskans. Visit NEST529.com and treasurer.nebraska.gov for more information.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska and its affiliates have more than $23 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.