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National 529 Awareness Campaign

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On March fourth, 27 states started their march forth to address the student debt crisis. This diverse group of states will work together to set the next generation on a better path by increasing awareness of 529 plans, which help families save for higher education and lessen reliance on student loans.

Because we are inspired by Fred Rogers Productions’ mission to instill a lifelong passion for learning, we have teamed up with Daniel Tiger’s Neighborhood to amplify our message. This series is one of the highest co-viewed children’s shows between parents and young children and is based on Mister Rogers’ Neighborhood. Anyone watching Daniel Tiger will see information about 529 plans before and after each episode. We will also be coordinating other awareness efforts with Fred Rogers Productions that will involve Daniel Tiger.

Seventy-one percent of Americans don’t know this option exists. By setting up a 529 account, parents, grandparents, aunts, uncles, godparents, and friends can lessen a child’s reliance on student loans, and the stress that comes with paying them off.

  • It doesn’t take much money to get started. You can open a 529 with as little as $10.
  • It’s easy to set up a 529. It takes about 10 minutes to go online and start your account.
  • Though plans vary, saving $10 a week over 18 years can add up to around $21,000.

Which state has the best 529 plan?

You can participate in almost any 529 plan across the country, but your home state’s plan is a great place to start.

A 529 College Savings Plan can be used for any education-related expense at any accredited college in the country. That means tuition, room and board, books and other required supplies are covered.

Student debt facts:

  • The total amount of student debt is now at $1.5 trillion – surpassing America’s credit card and car loan bills and making it the second highest debt category behind mortgages.
  • Fewer young people are buying homes and college graduates are leaving rural areas because of their student debt, according to the Federal Reserve.
  • Federal student debt is growing at 17 percent – more than seven times the current rate of inflation.
  • One recent poll showed 20 percent of millennials expect to die before paying off their debt.

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