What is the College Savings Plan of Nebraska?

The Nebraska legislation that authorizes the program is LB 1003 which was passed during the 2000 legislative session. The program began January 1, 2001. The College Savings Plan of Nebraska is a Qualified Tuition Program under Section 529 of the Internal Revenue Code. The 2000 Nebraska Legislature designed this program to encourage the funding of higher education through savings in a public trust. The program Trustee is the Nebraska State Treasurer. Funds selected for the College Savings Plan of Nebraska are chosen by the Nebraska Investment Council with the assistance of Union Bank and Trust and the Nebraska State Treasurer. Union Bank and Trust serves as Program Manager and provides managerial, marketing and custodial services for the program. When the beneficiary of the account is ready to attend an institution of higher education, the principal and interest saved on his/her behalf will be available to help cover qualified higher education expenses.

Below are several categories of frequently asked questions for more information.

• Account Owners
• Beneficiaries
• Contributions to Your Account
• Colleges
• Qualified Expenses and Withdrawals
• Tax Benefits
• Investments
• About Your Account
• Cost

For additional information on the College Savings Plan of Nebraska please write us at:

  College Savings Plan of Nebraska
  PO Box 82644
  Lincoln, NE 68501

  Or call us at: 1-888-993-3746
  Or E-mail: Email Contact

College Savings Plan of Nebraska • P.O. Box 82644 • Lincoln, NE 68501-9542 • 1-888-993-3746 • Email Contact