Thanks to Treasurer John Perdue’s commitment to providing access to education for every West Virginian, more than 100,000 future students nationwide have taken advantage of the SMART529 college savings plan. The SMART529 college savings plan provides an opportunity for every citizen to invest in the future – at every stage of life.
The plan provides an opportunity for all West Virginians to save for their education goals. To this end, the SMART529 college savings plan, administered by The Hartford, is not limited to universities, but also may be used to finance higher education at vocational and technical schools, culinary schools, worker retraining classes, community colleges and many others. SMART529 savings can also be used for other approved educational expenses.
John Perdue places a high premium on education. Since 1997, Perdue has focused on ensuring that every West Virginian can pursue higher education at a price he or she can afford. For more than a decade, Perdue has developed strong partnerships to help West Virginians pay for higher education. During that time he has also created incentives to encourage a commitment to education savings throughout the Mountain State. One such benefit allows you to reduce Federal Adjusted Gross Income by the amount contributed to your SMART529 plan when calculating state taxes. Another is the Bright Babies program where you can receive $100 toward college savings when a new account is opened by your child’s first birthday or gotcha day anniversary.
Start saving for the future – enroll in a SMART529 college-savings plan!