Regional News

College Savings Plan Clears WA Legislature

(Olympia, WA)  --  A bill that would create a state-controlled savings plan for Washingtonians wishing to attend college is awaiting the governor's signature.  Under the measure, the Washington State Investment Board would set up a 529 College Savings Plan, which would allow someone to put money into an account with investment options including stocks and bonds.  The gains wouldn't be taxable if they're used for qualified college expenses.  More than a half-million dollars would need to be set aside in the supplemental budget in order for the account to be established.

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