Stenberg: Nebraska College Savings Plans Saw Increases Over Last Year
Assets in the Nebraska Educational Savings Trust increased 15 percent for fiscal year 2013, according to State Treasurer Don Stenberg.
Stenberg reported that from June 30, 2012 to June 30, 2013, total NEST assets increased from more than $2.6 billion to over $3 billion. He said the number of accounts increased 6.5 percent as well.
Stenberg says he is very pleased with the success the college savings plans have had in the past 12 months.
"Weappreciate all the families in Nebraska and across the nation who have puttheir trust in Nebraska's excellent 529 college savings program. We work hardevery day to make sure our plans are worthy of that trust," Stenberg said.
Stenberg attributes the success of the programs to his office's ongoing efforts to make Nebraskans more aware of the program. Other factors contributing to growth in NEST accounts, according to Stenberg, include writingcontests, significant scholarship awards, media interviews, in-schoolpresentations, NESTFests in several Nebraska communities, and bonuses for newaccounts offered by First National Bank, the program's manager.
Individuals interested in learning more about NEST college savings plans should go to www.treasurer.org and click on theCollege Savings tab or call the Treasurer's Office at 402.471.1088.