NORFOLK, NE — Four Nebraska babies will be able to jumpstart their dreams, thanks to the Nebraska Educational Savings Trust (NEST) college savings.
The 16 year old program randomly chose 12 babies who have been submitted for the opportunity to receive a $529 contribution to a NEST college savings account.
On Wednesday at Faith Regional Health Services, State Treasurer Don Stenberg announced the newest NEST birthday baby, Kendall Weber. Baby Kendall is 10-weeks old and was born on March 30 at FRHS.
Kendall and her family were presented with a $529 check that will help grow her savings account. Kendall’s mom, Jamie Weber says starting a savings account young is the best way to grow the account into something larger.
“Over time we can add to that and hopefully by the time they are ready for college they will have something that will make an impact on their college education.”
Jamie and her husband, Kevin have two other child who also know the importance of savings and how to grow their account.
NEST was intended to encourage parents to set up saving accounts young, even at birth. By doing so it focuses on the next generation of Nebraskans. State Treasurer Don Stenberg says this year they wanted to honor Nebraska’s 150 birthday, especially since they were designated a Legacy program by the Nebraska 150 Commission.
“At NEST we want to be apart of Nebraska’s 150 birthday celebration, to celebrate the past, present and future. Babies born this year are Nebraska’s future. This is our way to celebrate by focusing on the next generation of Nebraska and help families save for college.”
NEST has grown to be a substantial size with $ 4.4 billion invested in college saving plans, which includes 6,000 Nebraska accounts.