Post-Secondary Education/529 College Savings Plans

An updated summary by the Center of Social Development of State 529 Matching Grant Programs. This resource includes a table of Funding Match Criteria, Eligibility, Application Method, Matching Account, and Distribution and Forfeiture Provisions for eleven states.

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President Bush has proposed a mix of ideas that would help train workers of all ages and assist students who attend college directly after high school. First, he proposes to reform the Perkins Act, which provides vocational training, renaming it as the Secondary and Technical Education program and setting up a required curriculum which includes courses in English, math, science, and social studies. Bush would also provide funding for community colleges to train workers for jobs which are currently in… more

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529 plans differ from state to state but fall into two general categories, pre-paid tuition and general savings. The pre-paid tuition plans offer financial incentives for students to attend college at certain state schools while the savings plan makes no such distinctions. Some states encourage low-income families to open 529 accounts by waiving the application fee, allowing small minimum deposits, ensuring low management costs, and providing matching funds.

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