Student Loans, Apprenticeships Eligible for Iowa College Savings Program

Photo from the Iowa Treasurer's Office

DES MOINES, Iowa -- Iowa State Treasurer Mike Fitzgerald says Iowans putting money into 529 college savings accounts can now use it to pay for apprenticeship programs and repay student loans.

Fitzgerald announced an update to the College Savings Iowa program yesterday.

He says he wants Iowans to be able to save more money.

The funds are used to help with any higher education expenses like tuition, room and board, books, supplies and more.

Money can be withdrawn from the accounts to pay for anything required for participation in the programs.

The treasurer's office says the program launched in 1998 and has grown to more than five-billion-dollars in assets.

Over 254-thousand Iowans put money into 529 accounts.

They say the average savings per family is around 20-thousand dollars.

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