• 27-MAY-2015

  • SOURCE: Prosek Partners

Whose Bill Is It Anyway?

Parents vs. Teens on Saving for College
Plus, Highlights from the First Annual Parent College Savings Study

It's not surprising that parents are more likely to say they know what a 529 plan is than teenagers. According to the Teen College Savings Barometer and The First Annual Parent College Savings Study, one of the top concerns for today's college-bound teens is not being able to afford to attend the college of their choice. For parents, cost is the most important factor in choosing a college for their teen to attend, while teens look at the success rates of graduates finding employment to help make their decision. The differences don't end there.
On Wednesday, May 27th, Nancy Farmer, President of Private College 529 Plan, is available to share highlights from their Third Annual Teen College Savings Barometer and their First Annual Parent College Savings Study, which takes a look at teenagers' involvement in the college education savings process, and compares their degree of knowledge and anticipated participation in college tuition costs to that of their parents.
In advance of "529 Day" (aka 5/29/15 OR May 29th), Nancy will also discuss Private College 529 Plan, the only non-state pre-paid tuition option which allows parents and future students to minimize the effects of rising tuition costs by locking in today's rates for tomorrow's education. In addition to paying less by pre-paying, she'll also explain how to access a large network of schools, benefit from tax advantages and gain peace of mind.

About the Talent:
Nancy Farmer is President of Private College 529 Plan. In that capacity, she is responsible for the administration and operations of the plan as well as promotion of the plan with the 275+ member institutions and recruitment of additional institutions to participate. She represents the Plan with higher education and financial services associations, and is the national spokesperson for Private College 529 Plan (PC529).
Prior to joining PC529, Farmer spent 20 years in public service in appointed and elected offices. She started as director of a non-profit organization, and was later elected to three terms in the Missouri House of Representatives where she chaired the Ways and Means Committee. She directed government affairs for the mayor of St. Louis and then was appointed by the Missouri state treasurer to serve as his deputy.
In 2000, Farmer was elected as the first woman state treasurer of Missouri where she was responsible for the state's investment portfolio, banking services, unclaimed property and Missouri's 529 college savings plan, MOST.
Farmer's commitment to private higher education is deeply personal. She is a member of the first generation in her family to attend college, and she credits her enrollment at small, liberal arts Illinois College with her success. She was elected to serve as an alumni trustee for Illinois College and she currently serves as a trustee at Stetson University.
This interview is provided by Private College 529 Plan.