Missouri's MOST 529 plan expanded to include K-12 schools

3 months 6 days 11 hours ago Wednesday, January 17 2018 Jan 17, 2018 Wednesday, January 17, 2018 3:32:00 PM CST January 17, 2018 in News
By: Wesley Weglarek, KOMU 8 Reporter
loading

JEFFERSON CITY - The state treasurer wants to spread the word that Missourians are now able to withdraw from a popular education savings plan to pay tuition for K-12 schools.

The board governing the Missouri Higher Education Savings Program - (MOST) 529 plan - passed a resolution to include tuition for public, private and religious K-12 schools.

Treasurer Eric Schmitt said most people do not know the plan was expanded, so word of mouth will help parents to further their children's education.

State Representative Shamed Dogan said, "This reform is a positive development for Missouri students and their parents. By acting immediately and getting ahead of the curve, Treasurer Schmitt and his team and setting a national example for how to effectively implement this change on the state level."

MOST 529 helps Missouri families save for a child's K-12 tuition and higher education expenses while saving on taxes.

"You take that money out to pay for books, tuition, all those things," Missouri State Treasurer Eric Schmitt said, "You're not taxed on the gains, so it really is a great way to save for education."

Under the approved resolution, MOST 529 account holders can withdraw $10,000 annually for tuition expenses at public, private or religious elementary or secondary schools in addition to colleges and universities.

More News

Grid
List
KANSAS CITY (AP) — Kansas City Power & Light is warning customers it is seeing a dramatic increase in... More >>
7 minutes ago Wednesday, April 25 2018 Apr 25, 2018 Wednesday, April 25, 2018 11:38:54 AM CDT April 25, 2018 in News
COLUMBIA - Mid-Missourians have mixed feelings about distracted driving, according to a Town Square survey by KOMU 8 News. ... More >>
15 minutes ago Wednesday, April 25 2018 Apr 25, 2018 Wednesday, April 25, 2018 11:31:00 AM CDT April 25, 2018 in News
UNION (AP) — An inmate has escaped from an eastern Missouri jail where he worked in the kitchen. The... More >>
1 hour ago Wednesday, April 25 2018 Apr 25, 2018 Wednesday, April 25, 2018 10:08:00 AM CDT April 25, 2018 in News
MOBERLY - A Moberly man who was not arrested until two years after investigators first got reports he was sexually... More >>
1 hour ago Wednesday, April 25 2018 Apr 25, 2018 Wednesday, April 25, 2018 10:05:00 AM CDT April 25, 2018 in News
NORMANDY (AP) — A suburban St. Louis school district has suspended a security official accused of using a stun gun... More >>
1 hour ago Wednesday, April 25 2018 Apr 25, 2018 Wednesday, April 25, 2018 9:59:34 AM CDT April 25, 2018 in News
KANSAS CITY (AP) — Authorities say a woman has died on an Alaska Arilines plane that took off from... More >>
2 hours ago Wednesday, April 25 2018 Apr 25, 2018 Wednesday, April 25, 2018 9:27:21 AM CDT April 25, 2018 in News
OSAGE BEACH - Miller County sheriff’s deputy Casey Shoemate is being remembered for his great personality and his love for... More >>
14 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 9:33:00 PM CDT April 24, 2018 in News
COLUMBIA - Here are the facts on violent crime in Columbia. For the year of 2017, there were 610... More >>
14 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 9:25:00 PM CDT April 24, 2018 in News
COLUMBIA - A TARGET 8 fact check finds mid-Missouri county jails do not hold inmates charged with marijuana-related offenses in... More >>
15 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 8:19:00 PM CDT April 24, 2018 in Top Stories
SEDALIA - Sexual assault survivors said a march in Sedalia Tuesday sent an important message. Kimber Gish said, “I... More >>
15 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 7:54:00 PM CDT April 24, 2018 in News
COLUMBIA – Federal health officials announced Tuesday they will be cracking down on the nationwide sale of Juul e-cigarettes to... More >>
17 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 6:42:00 PM CDT April 24, 2018 in News
COLUMBIA - As prom and graduation seasons approach, underage drinking has become a hot topic in schools and amongst the... More >>
17 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 6:18:00 PM CDT April 24, 2018 in News
COLUMBIA - Opponents of President Donald Trump's environmental policy call his changes to regulations "ludicrous." Professors and scientists gathered... More >>
17 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 6:09:00 PM CDT April 24, 2018 in News
COLUMBIA - The People for Ethical treatment of Animals, PETA, protested Tuesday against animal research on MU's campus. Organizer... More >>
18 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 5:01:00 PM CDT April 24, 2018 in News
MISSOURI - A new report from the Violence Policy Center, a non-profit group advocating for gun control, shows that Missouri... More >>
20 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 2:53:00 PM CDT April 24, 2018 in News
ASHLAND - As prom season begins, Rock Bridge High School said it will be breathalyzing its students upon entry to... More >>
21 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 2:04:00 PM CDT April 24, 2018 in News
ST. LOUIS — The legal battle between lawyers from Missouri Gov. Eric Greitens and St. Louis prosecutors is escalating, with... More >>
22 hours ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 1:19:00 PM CDT April 24, 2018 in News
COLUMBIA - Boone County deputies arrested a man on Monday after he allegedly tried to meet up with who he... More >>
1 day ago Tuesday, April 24 2018 Apr 24, 2018 Tuesday, April 24, 2018 9:01:30 AM CDT April 24, 2018 in News
Columbia, MO
Broken Clouds 57°
12pm 62°
1pm 63°
2pm 64°
3pm 65°