Known as “529 College Savings Plans,” the federal government has created a special tax consideration aimed at helping forward-thinking families save for their child’s college education. Each state is responsible for administering one or more 529 plan.

Unfortunately, two of the three 529 plans made available by Nebraska state officials were rated among the five worst performing in the nation. Nebraskans should be able to count on their state government to provide high-quality, high-performance plans. LR 198 sheds some light on why Nebraska's families are being left behind and how our state can get our 529 College Savings Plans back on track.

While the economic climate and decrease in tax revenues made budget cuts unavoidable, Senator Nordquist fought hard in 2009 to balance Nebraska’s budget without doing so on the backs of our children and hard-working teachers. Education is an investment in Nebraska’s future, and it’s more important than ever that Nebraska does whatever it can to ensure our state's children are receiving an education that prepares them to compete in a 21st century, knowledge-based, technology-driven economy.