College Choice 529 Savings Plans pass $2B mark

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More Hoosier parents are investing in their children’s future. State Treasurer Richard Mourdock announced Wednesday that CollegeChoice 529 Savings Plans surpassed the $2 billion mark.

With college students graduating with an average of nearly $28,000 in debt each year, the program is designed to help parents budget for college.

Students can use the tax-free money for qualified educational expenses like tuition, fees and books.

It’s something that also benefits parents and grandparents. Residents can receive up to $1,000 in tax credits each year.

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