State Treasurer Curtis Loftis Reminds PalmettoBaby Parents to File for $529 Grant by August 31st Deadline

Staff Report From Georgia CEO

Tuesday, August 28th, 2018

State Treasurer Curtis Loftis would like your help in reminding South Carolina parents who gave birth on May 29, 2018, that Friday, August 31 is the deadline to complete the application process to receive a privately-funded $529 PalmettoBaby grant from Future Scholar, South Carolina’s 529 College Savings Plan.
In order to receive the grant, PalmettoBaby parents will need to open a Future Scholar account for their child and submit both a copy of the child’s birth certificate and a completed Grant Request Form by Friday, August 31.
Loftis said parents and family members can visit to open an account, download the grant form, and start their child on the path to saving for college.
In its sixth year, the Future Scholar PalmettoBaby Grant Program is part of an annual observance of National 529 College Savings Day by the State Treasurer’s Office. Celebrated on May 29, National 529 Day is named for the section in the Internal Revenue code that created 529 plans, which include tax-advantaged savings accounts such as Future Scholar.