529 COLLEGE SAVINGS PLANS If your parents or other caring adults put money into a 529 College Savings Plan, it would typically earn more than it would in a bank savings account. The 529 Plan in Nebraska is called NEST or Nebraska Educational Savings Trust.
How will the money grow? This shows the average amount earned on $100 invested into a bank savings account and a 529 College Savings Plan.
If you save $50 a month for the next six years, you will have $3,600 plus earnings when it’s time to go to
Bank Savings Account
10¢
$100
$100
529 College Savings Plan
$5
$5
$100
$100
$1
$1
$1
$1
FINANCIAL AID: Another way to pay for college.
You and your parents will apply for financial aid when you’re a senior in high school. It may include:
Scholarships and Grants - sometimes called “gift aid” because you don’t have to pay them back. Student Loans - money you will have to pay back. Work-Study - money you earn from a job on campus.
Scan the code below to apply for your first scholarship!
eqf.org/197166
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