September is College Savings Month

State Treasurer Curtis Loftis has proclaimed September as College Savings Month in South Carolina.  Click here to view the proclamation.

College Savings Month is designed to build awareness of the long-term financial planning that is required in today’s economy to help ensure that a college education is financially attainable for all South Carolinians.

“Creating more jobs in South Carolina is important and one of the best ways to do that is to have a well- educated workforce,” Treasurer Loftis said.  “A college education is the first step to success and it is important to start saving early for college expenses.  South Carolina’s Future Scholar 529 Plan is an easy way to save and is the perfect building block to help pay for a child’s education.”

Future Scholar has more than 90,000 accounts and is highly rated by independent industry experts at savingforcollege.com.  Automatic investments into a Future Scholar account require little to no monthly minimum and, in most cases, contributions into a Future Scholar plan are tax-deductible for South Carolina taxpayers.

Future Scholar accounts can be used to pay for qualified higher educational expenses at most public or private two or four year institutions.  Qualified higher education expenses include tuition, fees, books, room and board and supplies and equipment.

Click here to learn more about opening a Future Scholar 529 College Savings Account or visit www.treasurer.sc.gov.