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:
- Public two-year: $3,770, $70 higher than 2019-20
- Public four-year in-state: $10,560, $120 higher than 2019-20
- Public four-year out-of-state: $27,020, $250 higher than 2019-20
“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.”
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.