Join us Tuesday morning at 11 for our next 529 webinar.
Helping you jumpstart your higher education savings!
Saving for higher education is a challenge for many families. That's why the State of Nevada Treasurer’s Office and the SSGA Upromise 529 Plan want to help Nevadans save as much as possible. Introducing the Silver State Matching Grant Program1– if qualified, we will match your contributions dollar-for-dollar up to $300 per year for five years for a maximum of $1,500 per beneficiary.
Don't miss out on this exciting program!
Who qualifies for the Silver State Matching Grant?
If you meet all four requirements below, you are eligible to apply:
- Both you and the beneficiary are Nevada residents;
- You already own a SSGA Upromise 529 account;
- The beneficiary is age 13 or younger as of December 31 of the year the account owner first applies for Silver State Matching Grant;
- Your household income is $74,999 or less.
How do I apply for the Silver State Matching Grant Program?
- Log into your SSGA Upromise account at www.Nevadas529.com
- Choose the beneficiary’s account that you would like to apply the matching grant to
- Once in the beneficiary’s account - click the link “Apply / Re-Apply for the Silver State Matching Grant” and follow the prompts
- You will need to do this for each child that you are requesting matching grant funds for
How does the Silver State Matching Grant work?
If you qualify and are approved for the Grant, contributions to your SSGA Upromise 529 account will be matched dollar-for-dollar up to $300 per year, per beneficiary. There is a lifetime maximum of $1,500 over five (5) years per beneficiary. The Silver State Matching grant is subject to availability of funds and grant money is awarded on a first come first serve basis. No more than one application per beneficiary, per year will be accepted for the Silver State Matching Grant.
When will I receive the Silver State Matching funds in my account?
All contributions made to your SSGA Upromise 529 account for the entire calendar year (January 1 – December 31) is matched dollar-for-dollar up to $300 per beneficiary. Matching grant funds are deposited into your beneficiary’s account the following January. For example, if you save $100 during calendar year 2019, the Silver State Match will be $100 and will show up in your account in January 2020.
Have more questions about the Silver State Matching Grant Program?
|April 1||Link is open in your SSGA Upromise account to apply/reapply for the Silver State Matching Grant. Please note that you will need to complete the application step each year for each beneficiary.|
|July 31||Final deadline for all online applications – after this date, the link in your SSGA Upromise account will no longer be available. Please remember that the Silver State Matching Grant is awarded on a first come basis and is subject to availability of funds.|
|January 1- December 31 of application year.||Save at least $300 for each child you have applied for Silver State Matching Grant funds for. If you save less, the ‘match’ with equate to the amount you saved. For example, if you save $100, the Silver State Match will be $100. If you save $500, the Silver State Match will be $300.|
|Following January||Silver State Matching funds will be applied to the SSGA Upromise account(s).|
1Matching grants are subject to availability of funds, and there is no guarantee of the continued operation of the Silver State Matching Grant Program.