A Kindergartener Will Recieve $529 to Start a College Fund
A kindergartener will receive 529 dollars to start a college fund. The "Kindergarten to College" art contest began today at the Library Station for the kick off of the Springfield Greene County Library's summer reading program. Ksmu's Jana Greer reports.
The "Kindergarten to College" art contest invites children who are starting school this fall to draw a picture of what they want to be when they grow up. The winner will receive 529 dollars donated by Empire Bank to be invested in a 529 college savings account.
Missouri State Treasurer Sarah Steelman was at the Library Station to explain the state's college saving program, MOST, and to talk to parents about college financial planning.
MOST is Missouri's college savings plan that provides state and federal tax advantages. An account can be started for as little as 25 dollars. Anyone can attribute to the account and the interest earned is nontaxable. Steelman says she wants every child in Missouri to be able to go to college.
Springfield resident Tonya White and her three-year-old son were at the kick off for the summer reading program. She says the future is not as far away as it seems.
You can submit entries for the art contest at any of the eight branches of the Springfield Greene County Library and will be accepted through August 1.