College Savings Plan for Babies born on 5/29/13

The SC Treasurer’s Office is providing a college savings plan, a Future Scholar 529 account, with an initial deposit of $529 for any child born in the Palmetto State on May 29, 2013.  The grant, according to the press release, is being provided through private funding sources.  Future Scholar is a qualified 529 College Savings Plan that gives you a smarter way to save for a child’s college education. Tax advantages, flexibility, control and professional investment management help make Future Scholar an attractive choice over many other college savings vehicles. Any U.S. citizen or resident alien of legal age can open a Future Scholar account, regardless of income level and anyone can be a beneficiary, regardless of age.  To learn more about the Future Scholar 529 account, visit www.futurescolar.com.