July 30, 2021

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West Virginia State Treasurer Riley Moore touting 529 college savings plan | WDVM25 & DCW50

HARPERS FERRY, W.Va. (WDVM) – We all recognize the value of a university education. However, paying for it can be a challenge. West Virginia State Treasurer Riley Moore may be able to help.

Meet Nicholas Roush, a junior at Shepherd University who takes pride in advancing his education.

“I come from a family where no one in my family had ever gone to college,” said Roush, “so when I started looking for credits and things, I didn’t have a lot of guidance.”

It was quite a challenge for Roush to get here.

“The whole thing, like Stafford loans and subsidized and unsubsidized loans, is a complicated thing,” said Roush.

Looking for students like Roush is Moore, who was West Virginia state treasurer and guardian of the so-called 529 college savings plan in his first term.

“This is a plan being offered to residents of West Virginia,” said Moore. “All of your contributions are deductible from your income tax and are entitled to a $ 100 credit as a West Virginia resident.”

Moore promoted tourism in West Virginia on the scenic Harpers Ferry as it rolled into a glorious summer weekend. His work with the 529 savings plan caught the attention of some visitors from the state of Hoosier, Indiana, who applauded Treasurer Moore for promoting the college 529 savings plan.

“It’s a benefit for everyone,” said parent Matt McMichael. “For friends and family. Not only parents can do that, but also friends and family and relatives. “

Treasurer Moore didn’t hesitate to tell Midwestern Mountain State visitors that their 529 investments qualify students to study at schools like Shepherd University here in West Virginia.

“We have a reciprocity so you should consider why you are likely choosing West Virginia,” said Treasurer Moore.

Treasurer Moore is especially proud that the 529 direct plan is the top rated in the country. He is also promoting an offshoot of the 529 college savings plan, the “Jumpstart” plan, which can be used to use college savings to find a job or even start a business.