Struggling to Find a Holiday Gift? State Treasurer Frerichs Suggests Contributing to a College Savings Account
SPRINGFIELD - Stuck on what to get a child or grandchild for the holidays? Investing in their future is a great gift, and it’s easier than ever to contribute to their Bright Start 529 college savings account. You can even do it on your phone. Illinois Treasurer Michael Frerichs is encouraging family members and friends to give the future gift of college or vocational school this year by making a contribution to a loved one’s Bright Start 529 college saving account. Bright Start 529 recently introduced a new phone app, so giving and requesting gifts is easier than ever. “Giving the gift of a Bright Start contribution is a great way to show a young person the importance of a college education, set high expectations for them, and avoid waiting in line with holiday shoppers,” Frerichs said. “Parents, grandparents, aunts, and uncles can boost a college savings account and reduce the amount of money a family might have to borrow later.” Bright Star