|Carson City, Nev. – The Nevada State Treasurer’s Office reminds Nevada families that the deadline to apply for the Silver State Matching Grant is July 31. Applicants must be current SSGA Upromise 529 account owners and have a household adjusted gross income that can’t exceed $74,999.
The Silver State Matching Grant Program allows eligible Nevada residents who are saving for higher education with a SSGA Upromise 529 Plan to be considered for a matching grant of up to $300 per calendar year, up to a lifetime maximum of $1,500 over five years.
“Saving for college can be a real challenge for many families,” said Dan Schwartz, Nevada State Treasurer. “We want to help with that burden, so together with the SSGA Upromise 529 Plan we created the Silver State Matching Grant Program.”
To qualify for the Silver State Matching Grant, both the applicant and beneficiary must be Nevada residents, must be a SSGA Upromise account holder, the beneficiary must be 13-years-old or younger as of December 31, 2016, and household income must not exceed $74,999. Those interested in applying can do so online by visiting Nevadas529.com under “Nevada Benefits” or applications can be mailed to: SSGA Upromise 529, P.O. Box 55578, Boston, MA 02205-5578. The application must be postmarked no later than July 31.
“The Silver State Matching Grant is a great opportunity for parents to boost the investment they’ve already made in their child’s future,” Schwartz said. “Make sure to apply by the July 31 deadline in order to be considered.”
Plans offered by the Nevada State Treasurer’s Office include the Nevada Prepaid Tuition Program, SSGA Upromise 529 Plan, Putnam 529 for America, the Vanguard 529 College Savings Plan and the USAA 529 College Savings Plan. Each plan is different, and they can even be combined with one another for remarkable savings.
To learn more about any of these programs please visit www.NV529.org.