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Individual Investor

Helping you jumpstart your higher education savings!

Saving for higher education is a challenge for many families. That's why the State of Nevada and the SSGA Upromise 529 want to help Nevada children attain the best education possible. Don't miss out on this exciting program!

Introducing the Silver State Matching Grant Program1

Does your family have an adjusted gross income level of $74,999 or less? Are you and your beneficiary Nevada residents? There may be extra college savings waiting for you.

How do I qualify?

  • Both you and the beneficiary must be Nevada residents.
  • You must be the account owner of a SSGA Upromise 529 account.
  • The beneficiary must be 13 or younger as of Dec 31 of the year the account owner first applies for matching grant.
  • Your household adjusted gross income must not exceed $74,999.

How does the matching grant work?

All documentation must be postmarked no later than July 31 to qualify. If you qualify and are approved for the Program, contributions to your SSGA Upromise 529 account will be matched dollar-for-dollar up to $300 per year. There is a lifetime maximum of $1,500 over five (5) years per beneficiary. Funds are awarded on a first come first serve basis, so don’t wait!

How can you apply to the Silver State Matching Grant Program?

  • Review the full Silver State Matching Grant Instructions
  • Apply online in your SSGA Upromise plan account
  • Mail your required documentation to Nevada State Treasurer's Office, Las Vegas Office, 555 E. Washington Ave., Ste 4600, Las Vegas, NV 89101-1074. The documentation must be postmarked no later than July 31
  • You will be notified about the status of your application
  • If approved, match funds will be applied in January based on previous year's contributions

Have more questions about the Silver State Matching Grant Program?

Download some frequently asked questions. (PDF)

Important Dates:

April 1 Application process opens
Note: All documentation must be postmarked no later than July 31 to qualify. Funds are awarded on a first come first served basis. 
July 31 Final date for:
  • Online applications to be submitted
  • Mailed required documentation to be postmarked
January Match funds applied to SSGA Upromise 529 Account

1Matching grants are subject to availability of funds, and there is no guarantee of the continued operation of the Silver State Matching Grant Program.

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IMPORTANT RISK INFORMATION
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.

The statements and opinions expressed are subject to change at any time, based on market and other conditions. State Street cannot guarantee the accuracy of completeness of third party statements or data.

Investing involves risk including the risk of loss of principal. Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in the Plan, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. Brokerage commissions and ETF expenses will reduce returns.

The SSGA Upromise 529 Plan (the “Plan”) is administered by the Board of Trustees of the College Savings Plans of Nevada (the “Board”). Ascensus Broker Dealer Services, LLC. (ABD) serves as the Program Manager. ABD has overall responsibility for the day-to-day operations, including distribution of the Plan and provision of certain marketing services. State Street Global Advisors (SSGA) serves as Investment Manager for the Plan except for the Savings Portfolio, which is managed by Sallie Mae Bank, and also provides or arranges for certain marketing services for the Plan. The Plan’s Portfolios invest in either (i) Exchange Traded Funds and mutual funds offered or managed by SSGA or its affiliates; or (ii) a Federal Deposit Insurance Corporation (FDIC)- insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in the Plan are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.

Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

For more information about the SSGA Upromise 529 Plan (“the Plan”) download the Plan Description and Participation Agreement or request one by calling 1-800-587-7305. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Description; read and consider it carefully before investing. Ascensus Broker Dealer Services, LLC. (“ABD”) is distributor of the Plan.

 

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

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