State Treasurer launches new NEST program online

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By News 5 Staff

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Updated: Tue, 01 Oct 2013 04:08:03 CST

Nebraska State Treasurer Don Stenberg launched the second part of his financial literacy initiative Tuesday, as he pushes to get parents an students to start saving for college.

Stenberg's most recent project is an online program called Nebraska NEST Financial Scholars for Families.

There is no charge to access the information, which Stenberg said takes about 30 minutes.

Stenberg said he wants to help Nebraskans better understand the state-sponsored college savings plans.

The Nebraska NEST Financial Scholars for Families program is being supported by the Nebraska Educational Savings Trust (NEST), Nebraska’s state-sponsored 529 college savings program. As State Treasurer, Stenberg is Trustee of NEST. State-sponsored 529 college savings programs take their name from Section 529 of the U.S. Internal Revenue Code.

NEST has more than $3 billion in assets with 206,000 accounts nationwide. More than 58,000 of those accounts are owned by Nebraskans.

You can find the new site at the treasurer's website: www.treasurer.org.