Nebraska State Treasurer, John Murante, released new numbers today showcasing the positive affect of NEST 529 over its 20 years. Launched in 2001, the NEST 529 Program has over 289,000 accounts with over $7 billion in assets to help children achieve their dreams.
To celebrate NEST 529’s 20th anniversary and College Savings Month, families can enter to win one of 20 gifts, including $529 in seed money for a college savings account at NEST529.com.
“We have a lot to celebrate after 20 years. More than 94,000 Nebraskans have a NEST 529 account,” said Treasurer Murante. “The rising costs of higher education and increased student loan debt make it necessary for parents and grandparents to plan for their children’s and grandchildren’s education. Saving money now will help students afford tuition, books, and other expenses that come with traditional universities and accredited trade schools. As tuition and fees continue to rise, it’s important for families to be financially savvy when planning to help an ambitious student realize their goal.”
Tuition charges make up a fraction of an individual’s total college bill. Scholarships and grants may help cover books and institution fees, but many fail to cover living expenses. College tuition and costs continue to increase at, and above, the rate of inflation. In 2020-21, the average published tuition and fees for full-time undergraduate students was:
“The 20th anniversary of NEST 529 celebrates the past, present, and future families who pledge to make education take flight,” said Murante. “I encourage Nebraskans to continue to save for their children’s education as we look forward to reaching new NEST 529 milestones in the future. For those who haven’t started saving, it’s never too late.”
[1] College Board. Trends in Higher Education Series: Trends in College Pricing and Student Aid 2020. https://research.collegeboard.org/pdf/trends-college-pricing-student-aid-2020.pdf
During the month of September, families can enter their child to win one of 20 NEST 529 anniversary gifts. Prizes range from annual zoo memberships to $529 for a NEST contribution.
Enter at NEST529.com.
Visit NEST529.com to learn more about the benefits of a NEST 529 College Savings Plan. The State Treasurer serves as the Program Trustee. All investments, including the portfolio structure offered through the NEST 529 program, are vetted and approved by the Nebraska Investment Council.
[1] College Board. Trends in Higher Education Series: Trends in College Pricing and Student Aid 2020. https://research.collegeboard.org/pdf/trends-college-pricing-student-aid-2020.pdf
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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, NEST Advisor College Savings Plan, Bloomwell 529 Education Savings Plan, and State Farm 529 Savings Plan. The Nebraska State Treasurer serves as Program Trustee. Union Bank & Trust 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 289,000 accounts. Visit NEST529.com and treasurer.nebraska.gov for more information.
About Union Bank & Trust
Union Bank & Trust Company is a $5.7 Billion bank headquartered in Lincoln, Nebraska with 34 locations in Nebraska and Kansas. Founded in 1917 with nearly 50 years of family ownership has given Union Bank & Trust a consistent direction and long-term relationships with customers and employees. Voters have chosen Union Bank & Trust as Best Bank, Best Customer Service, and Best Work Environment in Lincoln
for six years running.
20 Days of Giveaways Official Rules
*NO PURCHASE NECESSARY. Void where prohibited. Enter the Sweepstakes by completing an entry webform available at https://a.pgtb.me/nb0JXD between September 20, 2021 and October 20, 2021. You must complete all required fields on the entry form. You must be 19 years of age or older and be a legal resident of the United States at the time of entry. Residents of Florida, New York, Rhode Island, Puerto Rico or any U.S. territory are not eligible. You may enter only once. Twenty (20) prize winners will be randomly drawn between October 1, 2021 and October 28, 2021. You need not be present to win. Each prize winner will receive a prize identified in the official rules. Total prize value of each prize varies and the total prize value of all prizes awarded is approximately $3,567. Odds of winning depend on the number of entries received. Official rules are available at https://a.pgtb.me/nb0JXD. The sponsor of this Sweepstakes is NEST 529 College Savings Plan.
Important Legal Information
An investor should consider the investment objectives, risks, and charges and expenses associated with municipal fund securities before investing. This and other important information is contained in the fund prospectuses and the NEST Direct College Savings Plan Program Disclosure Statement (issuer’s official statement), which should be read carefully before investing. You can lose money by investing in an Investment Option. Each of the Investment Options involves investment risks, which are described in the Program Disclosure Statement. An investor should consider, before investing, whether the investor’s or beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Investors should consult their tax advisor, attorney, and/or other advisor regarding their specific legal, investment, or tax situation.
NOT FDIC INSURED*| NO BANK GUARANTEE | MAY LOSE VALUE
(*Except the Bank Savings Static Investment Option Underlying Investment)
