Gift Supports College Savings Accounts

KUAF

Published July 26, 2018 at 3:47 PM CDT

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State Treasurer Dennis Milligan presents EOA representatives with a check to support college savings accounts for northwest Arkansas children July 25.

A. Grajeda

The Great Investment for Tomorrow or GIFT, AR 529 Plan is a program designed to help save money for a child’s college education. Sponsored by the state of Arkansas, savings can grow tax-deferred and later be withdrawn to pay for qualified higher education costs. State Treasurer Dennis Milligan is seeding Arkansas 529 accounts up to $30,000 for children served by Economic Opportunity Agency.