MDHEWD Partners with Missouri Treasurer to promote College Savings Month

 

 

Kicking off College Savings Month, The Missouri Department of Higher Education & Workforce Development (MDHEWD) announced a partnership with Missouri Treasurer Scott Fitzpatrick to encourage saving for higher education.Throughout September, MDHEWD will join the Treasurer in sharing opportunities to learn about paying for higher education and the benefits of a MOST 529 plan.In partnership with Sallie Mae and the MOST 529 Education Plan, Treasurer Fitzpatrick and Jessica Duren, MDHEWD assistant commissioner of communications & outreach, will host a How to Find Free Money and Save for College webinar focused on providing information about saving for higher education and finding scholarship opportunities, which will take place on Tuesday, September 21, at 6 p.m.The free virtual event will feature speakers from Sallie Mae, a nationwide consumer banking institution specializing in private student loans, and MOST, Missouri’s 529 Education Plan.Those who wish to participate can register here.MOST, Missouri’s 529 Education Plan, is a tax-advantaged savings plan for education expenses. Money in MOST accounts can be used to pay for K-12 tuition and apprenticeships, trade, college, and graduate school tuition and expenses. Contributions are eligible for state tax deductions, which can save families up to $864 a year, and assets in MOST 529 accounts grow tax-free.ucation looks like for you—college, trade school, an apprenticeship—being financially prepared is necessary to avoid burdensome debt down the road.”Missourians can also visit Treasurer Fitzpatrick’s Financial Literacy Portal for information about saving and paying for higher education, as well as games and activities focused on financial literacy for children and high schoolers. Information for adults and recent college graduates about understanding credit, budgeting, and retirement is also available on the portal. The Financial Literacy Portal can be accessed at https://treasurer.mo.gov/financial-literacy/.

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