Welcome to Nebraska NEST Financial Scholars. Nebraska State Treasurer Don Stenberg and the Nebraska Educational Savings Trust (NEST)
proudly present this online educational platform focused on financial literacy for Nebraska high school students and information about
college savings for parents and grandparents, all at no charge to users.
On average, a recipient of a college degree can expect to earn an extra $1 million
dollars over a lifetime. Help give your children every advantage with Nebraska’s
College Savings Plans. The plans make saving for college simple and affordable.
They offer tax-saving advantages and provide multiple investment options—helping
you make higher education a reality for your children.
The college savings plans are qualified tuition programs under Section 529 of the
Internal Revenue Code, which governs all state programs. There are four plans within
the Nebraska Educational Savings Plan Trust – NEST Direct College Savings Plan,
NEST Advisor College Savings Plan, the TD Ameritrade 529 College Savings Plan, and
the State Farm College Savings Plan. The Nebraska State Treasurer serves as the
Program Trustee. First National Bank of Omaha serves as the Program Manager, and
all investments are approved by the Nebraska Investment Council.
Nebraska’s 529 Program began in 2001 to encourage parents and grandparents to save
for their children’s college expenses. The plans allow tax-free investments as you
save for college, and qualified withdrawals for higher education expenses are federal
and state income tax-free. Account owners also qualify for up to a $5,000 Nebraska
state income tax deduction. Funds can be used at eligible schools nationwide and
some foreign schools.
The Nebraska College Savings Plans are designed to meet the needs of every family
and every budget. For more information call 402-471-2455, or contact your financial
The Butterfields of Hickman tell about saving for
college through the Nebraska Educational Savings Trust (NEST) and Treasurer Stenberg talks about our excellent NEST
plans on this back-to-school feature broadcast Aug. 19 on KOLN-KGIN TV.