News Column

Parents can reduce their kids college debt

September 4, 2014

By Joey Aguirre, The Hawk Eye, Burlington, Iowa

Sept. 04--College-bound students can have their debt reduced by their parents. And it's not by writing a check.

Iowa Student Loan started a program giving away a total of $30,000 to 20 parents of Iowa high school students in the form of $1,500 deposits to a new or existing College Savings Iowa account.

To enter, visit Parents have until Dec. 19 to register.

Chris Weishaar of Iowa Student Loan said there are areas tailored to parents with useful information and tools they can use to reduce potential college debt, but there wasn't a program specifically designed for parents.

"The save now, save later college savings plan parent giveaway is a brand-new program in 2014 for parents who have an interest in their children's future and are helping to guide them on a financially sound path," Weishaar said. "We launched the program to give parents both a chance to learn more about helping their students financially prepare for college and to possibly win $1,500."

When parents enter, they are shown ways to reduce their student's need to borrow and learn how to counsel them through decisions from everyday purchases to career and financial planning.

In January 2015, 20 winners will be randomly selected to win a $1,500 deposit. Winners will be announced in February.

Any parent or legal guardian of an Iowa high school student in grades nine through 12 is eligible.


(c)2014 The Hawk Eye (Burlington, Iowa)

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Source: Hawk Eye, The (Burlington, IA)

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