A Course In Saving For College

By Senator Patty Ritchie
For many people the start of fall means football, apple picking, cooler weather and of course, going back to school.

Last week, I told you about the national nods given to our area’s SUNY schools for their placement on the U.S. News & World Report’s list of the top regional universities in the North.

If you missed it, SUNY Oswego and SUNY Potsdam were both recognized for their affordability, selectivity, retention, graduation rates and more.

As a parent, I know it’s never too early to start saving for your child’s college education.

That’s why this week, I’m reminding parents about the options New York State has to help start saving for your child’s college years.

One of the best tools New York State offers when it comes to putting money away for higher education is the 529 College Savings Program.

This state-sponsored plan which is overseen by the State Comptroller’s Office, is designed to help parents save for college tuition and other expenses, such as books, room and board and other supplies.

There are a number of benefits associated with our state’s 529 College Savings Program, your earnings grow federally tax deferred, you can open an account with as little as $25, and you can save for anyone; a child, a grandchild, a friend, or even yourself.

If you have questions about the 529 College Savings Program, or would like more information,  please visit www.nyssaves.org or call 1-877-NY-SAVES to speak with someone directly.

The best way to improve New York starts with investing in our state’s future.

I encourage you to learn more about the savings programs and scholarships available to New Yorkers to help put our youth on the fast track to success.