The University of Missouri system is teaming up with the state to promote college savings. The joint effort offers $500 scholarships to college-bound students investing in state’s MOST college savings program beginning fall of 2007. MOST is a state-sponsored plan that allows families to open tax-deductible college savings accounts. Families can make up to 8-thousand dollars of tax-deductible contributions to MOST accounts each year. State Treasurer Sarah Steelman says the scholarships are meant to complement the state’s MOST college savings plan. Each of the four campuses in the U-M system will offer the scholarships to 20 students with MOST accounts.
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