ST. LOUIS (KMOX) – Missouri’s state treasurer is reminding parents with most 529 College Savings plans that they can now use those accounts to pay for K-12 education as well.

Eric Schmitt says President Trump’s tax overhaul changed the way people can use the money they’re saving.

“This really is perhaps the most significant change with education policy in Missouri in decades, so it’s an honor for me to be in this position and help get the word out,” he says.

To pay for college, 529 plans can be used for tuition, room and board, books and other costs. For K-12, up to 10-thousand dollars can be used annually to pay for tuition only.

Follow us on Twitter | Like us on Facebook

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

Weather
Download The App
Watch CBSN Live

Listen Live