News

Seminars Aim to Help Families Save for College

2013-11-12 23:57:28

Mohave State Bank will be holding free seminars geared toward family members looking to save for their student’s college education.

The event will provide Arizona residents with an avenue to plan for future college expenses – covering topics such as tax-free withdrawals, increased 2013 tax deductions and low minimum investments as well as a wide array of investment choices and funds usable at accredited universities, colleges and trade schools.

According to the College Board, undergraduate students, on average, will graduate from an Arizona university with more than $22,000 in debt.

“Studies show that having a college savings account, no matter how big or small, can boost a child’s chances of going to college,” said Dr. Osborn, Arizona Commission for Postsecondary Education Executive Director. “Even a small amount of money, saved on a regular basis, can grow into a considerable amount. It is one of the best investments a family can make.”

Business development officer Jeff Byrd explained that Mohave State Bank is partnering with College Savings Bank to bring the workshops to Yuma as part of its community financial literacy outreach program.

Byrd shared that it will be bringing in an expert from College Savings Bank, Lisa Hullinger, to lead the seminars. Hullinger previously worked as a Certified Public Accountant who specialized in helping families find funding for college.

The four hourly seminars will be held on Friday, Nov. 15, at 10 a.m., 11 a.m., 12 p.m. and 1 p.m at Mohave State Bank, 1800 S. 4th Ave. For more information, contact Byrd at 344-8822.

Sarah Womer can be reached at swomer@yumasun.com or 539-6858. Find her on Facebook at Facebook.com/YSSarahWomer or on Twitter at @YSSarahWomer.