The Silver State Matching Grant Program is Helping Nevada's Children Have a Brighter College Education and Future
Saving for higher education can be a challenge. According to College Board’s Trends in College Pricing 2011, the average one-year cost of in-state tuition and fees alone in 2011 was $8,244 — and that number has increased 6.1% over the past decade. That’s why the sooner you can begin to save for college, the better.
An easy way to start saving is with the SSgA Upromise 529 Plan. It offers tax advantages, flexibility, and professional investment management. You can use your savings at any eligible 2- or 4-year college, vocational school, or technical institute.
To help you get a jumpstart on saving for higher education, the State of Nevada and the SSgA Upromise 529 Plan have joined forces to create the Silver State Matching Grant Program.*
The goal of the Program is to help qualifying families afford higher education. Families who qualify, and who contribute to an SSgA Upromise 529 Plan account, can get matching funds — either $1 for every $1 contributed or $1 for every $2 contributed (depending on household adjusted gross income) — up to $300 per year for five years.
You can apply for the Silver State Matching Grant Program if:
- You and your beneficiary are Nevada residents
- You are an SSgA Upromise 529 account holder
- Your beneficiary is age 13 or younger
- Your adjusted gross income is $61,950 or less
Applications are accepted from March 1 through June 30, so don’t wait if you think you might qualify.
Don’t miss this great opportunity to build up your college savings! For more information on the Silver State Matching Grant Program, administered by State Treasurer Kate Marshall, including application and guidelines, visit nevadas529.com.
For more information about the SSgA Upromise 529 Plan call 1-800-587-7305 or visit www.ssga.upromise529.com to obtain a Plan Description and Participation Agreement. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Description; read and consider it carefully before investing. Upromise Investments, Inc., Distributor.
*Matching grants are subject to availability of funds, and there is no guarantee of the continued operation of the Silver State Matching Grant Program.
If you are not a Nevada taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.