Another baby has received a contribution to begin a college savings plan as the state Treasurer’s office celebrates Nebraska’s sesquicentennial.
Treasurer Don Stenberg says the NEST Birthday Baby contest is an appropriate way to honor the state.
“Focusing on the next generation of Nebraskans and helping their families save for college is our way to celebrate Nebraska’s birthday,” Stenberg tells reporters during a news conference in his Capitol office.
Stenberg has given a $529 check to Wade and Ashley Johnson of Lincoln for Olivia Rae Johnson, born March 20th.
“We’re just super excited for the contribution so we can start saving for her education so we can support her hopes and dreams in the future,” Ashley Johnson says, while holding Olivia. “So, thank you so much.”
Olivia is the 5th NEST Birthday Baby.
Each month during the state sesquicentennial, the Treasurer’s office will choose a 2017 baby to receive a $529 check to begin a college savings account. The amount reflects the federal tax code which regulates accounts such as the Nebraska Educational Savings Trust.
Parents and legal guardians can submit their child to become a NEST Birthday Baby. Click here for the website used to enter the contest. Babies are chosen through a random drawing.
NEST has grown in assets to total $4.4 billion in more than 250,000 accounts; 76,000 of which have been taken out by Nebraskans.
AUDIO: Brent Martin reports [:45]