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The Wisconsin College Savings Program At A Glance
Preparing for Our Children's Future
Parents know how expensive college can be and how working families struggle to help their children get the education that is so important in today's world.
With the rising cost of college tuition, it can seem overwhelming. That's why I'm proud to offer Wisconsin's College Savings program, which is made up of the EdVest and tomorrow's scholar College Savings Plans. These plans provide a flexible, yet structured way to save for future higher education expenses. They can help put you in a better position to choose the best school for a student, while minimizing loans and student debt. These plans also provide important state and federal tax benefits as well.
I'm pleased to report that in August 2007, MONEY Magazine recognized EdVest as one of 27 college savings plans out of 70 reviewed nationally to make its recommended list for state residents. EdVest also recently received an elite “5-cap” rating from the leading industry website, SavingForCollege.com. The Plan was also ranked among the top ten of all direct-sold (no-load) 529 savings plans for its 5-year investment performance for the period that ended 12-31-08.
EdVest and tomorrow's scholar are great ways to give our children the tools they will need to excel in the 21st century. The program expanded in 2001 and is more popular than ever! We now have over 247,000 accounts nationwide and just under $2 billion dollars invested.
I urge you to find out more by clicking on the helpful links at the bottom of the screen. You can access the Top 10 Questions about EdVest and learn more about 529 plans.
Dawn Marie Sass
State Treasurer
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Fast Facts on College Savings
247,000
The number of accounts in Wisconsin's College Savings Program
$22,000
The average amount of debt a student carries upon graduation from college
$15
You can open an EdVest account for as little as $15 a month
$2 Billion
The amount of money invested in Wisconsin's College Savings Program
$1 Million
How much more a college education is worth over the course of a lifetime
$170,000
How much a child born today will pay for college at a public institution
8%
The average tuition inflation rate each year (more than double the general inflation rate) |
