Et cetera : Give the Gift of Education with an ISave 529 Account

In celebration of 529 Day, State Treasurer Roby Smith began a new a social media campaign to raise awareness for the ISave 529 plan, and encourage families to take a step toward planning for their children's future by opening and contributing to ISave 529.

"Whether your child is still in diapers or already dreaming about higher education, 529 Day is a perfect reminder to start planning," said Treasurer Smith. "Now is the time to take a chance and invest in a ISave 529 plan. Even small contributions today can make a difference in tomorrow's tuition, books and other educational expenses."

According to an analysis conducted by the Congressional Research Service, it's estimated that the average debt for a Bachelor's degree in the 2020 budget year was $26,400. In a sixteen-year period, that attributed to an increase of nearly $10,000 in debt per borrower on average. Saving even $25 per biweekly pay period from birth to age 18 may result in more than $11,000 in contributions for the child with potential for growth to help pay for college.

Whether you're saving for college, trade school or future career training, an ISave529 account is a smart, flexible way to invest in your child's dreams. In addition to saving early, ISave 529 contributions are tax-deductible from Iowa income tax, up to $5,800 per beneficiary account in 2025, making it even more advantageous for tax time.

To learn how you can open an ISave 529 account, visit ISave529.com. For more information on the plan, read the Program Description.

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