529 PLANS

529 News

Missouri Treasurer proposes matching grants for 529 participants

(April 24, 2006) - Missouri Treasurer Sarah Steelman is lobbying the General Assembly in support of the Missouri Legacy Initiative, a plan she has developed that would provide mathcing college grants for parents or grandparents who start college savings plans for their child by opening an account in the Missouri Saving for Tuition (MOST) 529 plan. The plan would generate approximately $2.5 million dollars per year to be used for these scholarships by using interest earned from unclaimed property to help low and middle-income families pay college costs for their children.

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