Nevada Program Promotes College Savings

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CARSON CITY, Nev. (AP) - Open enrollment is underway for Nevada families wanting to accelerate college savings.

The Silver State Matching Grant Program provides up to $300 in matching funds each year, up to a lifetime benefit of $1,500, to eligible participants.

The 2014 enrollment period ends July 31.

State Treasurer Kate Marshall says matching grants are available to Nevada families with an adjusted gross income of less than $75,000 who have an SSgA Upromise 529 college savings account.

Matching funds come from fees Nevada receives for managing the program. No taxpayer dollars are used.

Both the account owner and the beneficiary must be Nevada residents to qualify. Additionally, the beneficiary must be 13 years old or younger when the first matching grant is approved.