October 22, 2014

Zweifel says college savings plan receives overwhelming response (AUDIO)

Missouri’s 529 College Savings Plan (MOST) is getting positive feedback for it’s Matching Grant Program, which is helping Missouri families save money for their children’s future education funds.

State Treasurer Clint Zweifel says Missouri’s 529 College Savings Plan is low cost and tax free.

The program, which is intended to help Missourians save money for college, technical schools, and vocational institutions is receiving an overwhelming response from people who have applied. So far, 2,100 Missourians have applied to the program, and 350 MOST accounts have received $131,000 in Matching Grant Program funds.

Zweifel says the program is helping Missouri residents save for their children’s futures. “It’s low cost, it’s tax free,” he says. “It’s a simple, easy way for Missourians to set aside small amounts over a long period of time and really save money for their children’s college education.”

He says any Missouri resident can apply for the savings program, and it’s private money that is being used to obtain an account. “And we’re able to provide a matching grant to some of our account owners,” he says. “What that means is some of those families will be able to save even more money for college.”

For more information, visit the program’s website at www.most529grant.org.

 

AUDIO: Mary Farucci reports. (1:01)