Monday, September 12, 2016

Washington College creates a scholarship that rewards parents who save - Danielle Douglas-Gabriel, Washington Post

Parents of Washington College students who use money from a college savings plan to pay for tuition this year may receive a portion of it back through a pilot program that the liberal arts school in Chestertown, Md., launched Monday. The program, dubbed the Saver’s Scholarship, will match up to $2,500 a year in funds families contribute from a 529 college savings plan or educational savings account established at least three years before enrollment. Families must submit documentation, such as an account statement, as proof. The scholarship is open to all students who remain enrolled full-time through the 2016-2017 academic year. It will be credited to students’ financial aid awards the following year, to allow the school to verify the use of funds from the account. https://www.washingtonpost.com/news/grade-point/wp/2016/08/29/washington-college-creates-a-scholarship-that-rewards-parents-who-save/

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