Future Scholar 529 Account Makes Perfect Christmas Gift

Monday, December 19, 2011

(Columbia, SC) – South Carolina State Treasurer Curtis Loftis would like to remind folks this holiday season that there’s an alternative to crowded shopping malls this coming week. South Carolina’s Future Scholar 529 College Savings Plan is the gift that will last a lifetime.

To celebrate the holidays’ the Treasurer’s Office has a new announcement profiling the plan, click this link to view the television ad. The Treasurer’s Office administers the plan, which has received the top-rated “5 caps” recognition by the website savingforcollege.com.

“Whether you’re a grandparent thinking of a grandchild or wondering what to get other kids in the family, there’s nothing better than helping a child fund their higher education,” Treasurer Loftis said. “There’s no need to deal with holiday crowds and wondering what the latest styles are when you purchase a Future Scholar 529 plan.”

Future Scholar accounts can be gifted to anyone and the gift giver may be eligible for a South Carolina income tax deduction. An account can be opened for as little as $250 or a $50 minimum monthly deposit.

More than 50,000 South Carolinians are taking part in the Future Scholar plan. A Future Scholar account can be used at any public or private college or university that is eligible for federal aid. Here’s more good news, a Future Scholar account can also be used for educational expenses like books, supplies plus room and board.

To open an account or to get more information, please visit www.futurescholar.com or call 888-244-5674.

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Interim Media Contact:
Edward Frazier
edward.frazier@sto.sc.gov
803.734.2016

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