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.
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