Boise, Idaho (PRWEB) May 16, 2013
529 College Savings Day will be celebrated on May 29, 2013, and Idaho State Treasurer, Ron Crane, wants Idaho residents to use this opportunity to make a plan for their college savings future.
Idaho’s 529 college savings plan, IDeal, had over $3.4 Million in contributions during May of 2012, and this year Treasurer Crane hopes to encourage Idahoans to exceed that amount.
Unfortunately, the number of families saving for college has declined by 10% since 2010, according to How America Saves for College 20131. Along with the decline in the number of families saving for college, families are not saving as much for college as they were in 2010. Treasurer Crane says, “Even with this downward trend, families still remain optimistic about meeting their savings goals, but feel overwhelmed about putting a savings plan in place. That’s why I want to use the 529 College Savings Day Challenge to get folks to just start small, but start right now with a dedicated 529 college savings plan, like IDeal.”
Learn more about IDeal and special benefits for Idaho taxpayers at http://www.idsaves.org.
1Sallie Mae and Ipsos, How America Pays for College, 2013
About IDeal ─ Idaho College Savings Program
IDeal is led by State Treasurer Ron Crane’s office and the Idaho College Savings Program Board. Upromise Investments, Inc., serves as Program Manager.
For more information, contact Jace Perry at 208-332-2940 or visit http://www.idsaves.org/save.
For more information about IDeal – Idaho College Savings Program, call 866-433-2533 or visit http://www.idsaves.org to obtain a Disclosure Statement. The Disclosure Statement discusses investment objectives, risks, charges, expenses, and other important information. Because investing in IDeal is an important decision for you and your family, you should read and consider the Disclosure Statement carefully before investing. Upromise Investments, Inc. is Distributor.
If you are not an Idaho taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in that state’s qualified tuition program.
IDeal is administered by the Idaho College Savings Program Board (Board). Upromise Investments, Inc. (UII) serves as program manager and Upromise Investment Advisors, LLC (UIA), provides investment advisory services and recordkeeping and administrative services. UII and UIA have overall responsibility for the day-to-day operations, including marketing and distribution of IDeal. UII, UIA, and Sallie Mae Bank are affiliates. The Vanguard Group, Inc. serves as Investment Manager for IDeal. Sallie Mae Bank serves as the Savings Portfolio Manager for IDeal. IDeal's Portfolios invest in either: (i) mutual funds offered or managed by Vanguard; or (ii) an FDIC-insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in IDeal are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.
Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in IDeal, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.