Assets in the Nebraska Educational Savings Trust increased 15 percent for fiscal year 2013, according to State Treasurer Don Stenberg.
Stenberg reported that from June 30, 2012 to June 30, 2013, total NEST assets increased from more than $2.6 billion to over $3 billion. He said the number of accounts increased 6.5 percent as well.
Stenberg says he is very pleased with the success the college savings plans have had in the past 12 months.
appreciate all the families in Nebraska and across the nation who have put
their trust in Nebraska's excellent 529 college savings program. We work hard
every day to make sure our plans are worthy of that trust," Stenberg said.
Stenberg attributes the success of the programs to his office's ongoing efforts to make Nebraskans more aware of the program. Other factors contributing to growth in NEST accounts, according to Stenberg, include writing
contests, significant scholarship awards, media interviews, in-school
presentations, NESTFests in several Nebraska communities, and bonuses for new
accounts offered by First National Bank, the program's manager.
Individuals interested in learning more about NEST college savings plans should go to www.treasurer.org and click on the
College Savings tab or call the Treasurer's Office at 402.471.1088.