Nebraska families with newborns in 2024 are set to receive a financial boost through the Meadowlark Savings Pledge. Each newborn will receive a $50 seed contribution in a state-managed NEST 529 account to help them save for higher education. Families do not need to do any extra paperwork as all newborns born in Nebraska since January 1, 2020, are automatically enrolled in the program. The benefits of a NEST 529 account include flexibility, tax advantages, investment options, and diverse fund families.
The State Treasurer serves as the Program Trustee, overseeing all investments to ensure they are in the best interest of the account holders. This initiative aims to support families in saving for their children’s future education expenses beyond high school, whether it be through technical schools, trade schools, or traditional colleges and universities. The Meadowlark Savings Pledge is a valuable opportunity for Nebraska families to start planning for their children’s education early on.
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