Ky. Education Savings Plan Exceeds

A state-sponsored college savings program has surpassed $100 million in total assets.

The Kentucky Higher Education Assistance Authority contributes the growth to offering tax advantages, which don’t count against the amount of financial aid a student can receive.

There are no federal or state taxes on the earnings or the withdrawal of the money for a student to go to college.

The authority plans on intensifying its marketing of the Kentucky Education Savings Plan so more families are made aware of it.