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College Savings Iowa Expands To Include Apprenticeship Programs And Loan Repayments

Iowa State Treasurer, Michael Fitzgerald, has announced plans for updates to College Saving Iowa to allow participants to use their account on a wider range of education-related expenses. College Savings Iowa was created in 1998 and is a 529 investment plan where funds can be used at any higher education program in the nation and the earnings and growth are tax-free when withdrawn and used for qualified educational expenses like tuition, room, board, books, supplies and more. The plan update now allows for account withdrawals for expenses related to qualified apprenticeship programs and student loan repayment. In the 22 years since its creation, College Savings Iowa has grown to over $5.3 billion in assets with more than $254,000 active accounts. For more information about the program, call 888-672-9116 or follow the links included below this story.
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