NEST Direct Plan – Nebraska 529 College Savings Plan
About: The NEST Direct Plan puts you in control of your college savings. You can be as hands-on or as hands-off as you’d like when it comes to managing your investments. We give you options to fit your risk tolerance, time frame and savings goals. Plus, if your strategy ever changes, you have the flexibility to change your investment option twice per calendar year.
Website: https://www.nest529direct.com/
Phone #: 888-993-3746
Investment Options: NEST offers the Age-Based Portfolios option offers a choice among 4 different risk levels (Aggressive, Growth, Index, and Conservative). They also have 3 multi-fund portfolios–Growth, Balanced/Index, and Conservative–and 16 individual-fund portfolios including a savings account option. NEST investments are managed by State Street, DFA, MetWest, Tributary, T. Rowe Price, iShares, Vanguard, Goldman Sachs
Tax Benefits: Contributions by an account owner who files a Nebraska state income tax return, including the principal and earnings portions of rollovers from another qualified college savings plan not issued by the State of Nebraska, are deductible in computing the account owner’s Nebraska taxable income for Nebraska income tax purposes in an amount not to exceed $10,000 ($5,000 for married taxpayers filing separate returns) in the aggregate for all contributions to all accounts within the Trust in any taxable year. Contributions by a custodian of an UGMA or UTMA account who is also the parent or guardian of the Beneficiary of an UGMA or UTMA account may claim this deduction.
State Residency Requirements: No state residency is required to participate in Nebraska 529 College Savings Plans.
Saving for College with Upromise
Upromise
is a service that helps individuals save money to pay for college or to pay down existing student loan debt.
Upromise is a great way to save through partnerships with retailers. Similar to a cash back rewards card, this plan puts rewards from retailers into an account that you can use to save money for school or paying down current Sallie Mae serviced student loans.
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The beauty of the Upromise program is that you save money for college by simply shopping at the normal stores you visit every day. Upromise was created in partnership with Sallie Mae and is designed to help save for education costs.
Upromise.com is the smart way to save for your child’s college education