It's "College Savings Month" in Georgia - WALB.com, Albany News, Weather, Sports

It's "College Savings Month" in Georgia

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  • Worth Co. hosts open house

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    Monday, July 28 2014 11:24 PM EDT2014-07-29 03:24:37 GMT
    It's already back to school time for some south Georgia students. Classes start tomorrow in Worth County.On Monday afternoon, all the schools held open houses for parents and students.At Worth County elementary, families got to met the teachers and get acquainted with the school.The Principal says the staff is ready, and parents told us they appreciated the open house."We are just going to keep going strong with things that we have done in the past, we had a very successful school year last y...More >>
    It's already back to school time for some south Georgia students. Classes start tomorrow in Worth County.On Monday afternoon, all the schools held open houses for parents and students.At Worth County elementary, families got to met the teachers and get acquainted with the school.The Principal says the staff is ready, and parents told us they appreciated the open house."We are just going to keep going strong with things that we have done in the past, we had a very successful school year last y...More >>

September 12, 2006

Albany- The state wants parents to get an early start on saving for college, so Gov. Sonny Perdue declared September "College Savings Month."

The state is promoting the Georgia Higher Education Savings Plan.  You can set up a savings account that allows for tax-free withdrawals for qualified education expenses such as tuition, books, room, and board. "First of all, the government doesn't say 'tax-free' very often. They don't say were going to let you put money into something and let it grow tax free. So when they do, you really need to listen," said financial advisor Vic Sullivan. 

Account owners also qualify for a state income tax deduction. So far, 70,000 Georgians have opened accounts and invested more than $400 million.  Financial advisors recommend you look into the plan with an advisor befre you make a decision.

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