CHARLESTON, W.Va. (WVDN)) – State Treasurer Larry Pack today announced West Virginia-based account holders of the SMART529 Program have surpassed $1 billion in total assets saved for the first time in history.
“This achievement means West Virginians realize the benefit and value of investing in our state’s SMART529 plan to save for their child’s education,” Treasurer Pack said. “This milestone underscores the meaningful impact of our program in expanding access to higher education opportunities and improving long-term outcomes for West Virginia families. If we want a stronger economy, we must do everything in our power to invest in a well-trained workforce, as well as the next generation of West Virginia leaders.”
Nationally, West Virginia’s SMART529 Plan has more than $3.4 billion in assets under management.
There are three plans available to West Virginia participants: SMART529 WV Direct, SMART529 Select, and The Hartford SMART529. West Virginians can invest in any of these three options. SMART529 Select and The Hartford SMART529 are available nationwide.
SMART529 is West Virginia’s federal and state tax-advantaged plan designed to help families save for both K-12 and higher education expenses. Savings may be used for tuition, fees, housing, meals, books, computers, supplies, and more. These savings can be used nationwide and around the globe at thousands of colleges, universities, and technical schools.
The SMART529 Program is issued by the Board of Trustees of the West Virginia College and Jumpstart Savings Programs and administered by Hartford Funds. Complete information about SMART529 plans and investment options is available at www.SMART529.com.
