SC Babies born today eligible for Free College Savings Plan

State Treasurer Curtis Loftis announces that all babies born in South Carolina today are eligible to receive a free college savings grant. The Future School 529 College Savings Plan totals $529 and honors National 529 Day, which is an annual celebration used to raise awareness about the benefits of college savings plans. These typically cover college tuition, and are tax-free on both savings and investments, as long as it goes towards qualified expenses. Every year on May 29 in South Carolina, babies born across the state are eligible for the privately funded Palmetto Babies Grant Program.