COLLEGEINVEST OFFERS COLLEGE SAVINGS MATCHING GRANT MONEY FOR LOWER TO MIDDLE INCOME COLORADO FAMILIES
Colorado families have until December 31, 2011 to be preapproved for program
FOR IMMEDIATE RELEASE
October 10, 2011
Denver, CO – CollegeInvest, Colorado’s non-profit higher education savings resource, is helping Colorado’s lower to middle income families make saving for college a little easier through its Matching Grant Program.
The Matching Grant Program matches contributions to CollegeInvest’s college savings plans, dollar-for-dollar for qualifying lower to middle income Colorado families, providing up to $500 in matching funds annually (subject to the availability of funds). Families may qualify for up to five consecutive years, so each participating family has the potential turn a savings investment of $2,500 into $5,000.
Families must apply for the Matching Grant Program by December 31 to be pre-approved to receive matching grants on contributions they make to CollegeInvest 529 college savings plans. Visit www.CollegeInvest.org/MatchingGrant for a complete income guideline qualification chart. You may also call 1-800-478-5651 for more information.
“We understand the tremendous challenge Colorado’s working families are facing when trying to save for college, said Angela Baier, Chief Marketing officer at CollegeInvest. “Through this Matching Grant Program, we’re helping families realize greater long-term savings toward fulfilling their educational goals”.
CollegeInvest offers college savings plans that combine federal tax advantages with a Colorado state income tax deduction for all contributions. Money saved through these 529 plans can be used nationwide at any eligible public or private college, university, vocational or trade school.
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About CollegeInvest
CollegeInvest is a not-for-profit division of the Colorado Department of Higher Education. Since 1979, CollegeInvest has helped Colorado families break down the financial barriers to college by providing expert information, simple planning tools, and college savings plans. For more information, visit www.collegeinvest.org or call 1-800-448-2424 or contact your financial advisor.
Important Considerations
To learn about CollegeInvest’s 529 program, its objectives, risks, charges, expenses, limitations, restrictions and qualifications regarding the Plans’ benefits and potential tax advantages, please read and consider carefully the Program Disclosure Statements (PDS) available at www.collegeinvest.org before investing. Also, check with your or your beneficiary’s home state to learn if it offers tax or other benefits for investing in its own plan. Administered and issued by CollegeInvest. CollegeInvest and the CollegeInvest logo are registered trademarks of CollegeInvest. Copyright © 2011 CollegeInvest.
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