DES MOINES, IA (08/15/2012)(readMedia)-- State Treasurer Michael Fitzgerald announced today that 95% of the children that participated in College Savings Iowa's annual State Fair survey show getting a college education is a necessary step to achieving their dreams and career aspirations. "Iowa children are already thinking about their futures," stated Fitzgerald. "This survey demonstrates how important it is for families to start planning and saving early to help make college a reality for their children."
"Every year we ask children visiting the fair what they want to be when they grow up and if they will need to go to college to achieve these goals," Fitzgerald said. "Needless to say, we are always amazed by the responses they offer." Fifteen percent are planning on becoming veterinarians, with another 13% hoping to become teachers. Doctor came in third this year with 7% of the responses, and police officer ranked fourth with 5%. "According to one child, it will cost him $5 to go to college to become Batman."
"Families that save and invest for their children's college education will be better prepared to meet the challenge of paying for it when the time arrives, and College Savings Iowa is here to help," added Fitzgerald. Anyone - parents, grandparents, friends and relatives - can invest in College Savings Iowa on behalf of a child. This year Iowa taxpayers can deduct up to $2,975 in contributions per beneficiary account from their adjusted gross income.* Investment returns are not guaranteed and you could lose money by investing in the plan. To learn more about College Savings Iowa, visit www.collegesavingsiowa.com or call 1-888-672-9116.
*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. The availability of tax or other benefits may be contingent on meeting other requirements.
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