State Treasurer Curtis Loftis Presents BabyTona 500 Winner $529 for Future Scholar Savings Account
COLUMBIA, S.C. (Feb. 12, 2018) – Red and Amy Watson didn’t know about the Future Scholar 529 savings plan until last month. Now, thanks to the performance of their 11-month-old son Whit, they have a $529 contribution from State Treasurer Curtis Loftis to put into a Future Scholar account.
Whit beat out four other youngsters in the BabyTona 500 baby crawl, held during halftime of the USC-Texas Tech men’s basketball game on Jan. 27.
“It’s never too soon to start saving for college,” Treasurer Loftis said. “The sooner you begin putting money aside through Future Scholar, the better the odds that you will be able to meet the costs associated with higher education.”
While the Watsons had started a separate savings account for their children (they have a 4-year-old son in addition to Whit), opening a Future Scholar account is a game changer for the family, which lives in Taylors.
“It’s huge any time you have the opportunity to set money aside for a child’s education,” said Red, the assistant director of parks and recreation for the city of Greer. “It’s worth its weight in gold, especially not knowing what the cost of college will be in 18 years.”
Treasurer Loftis added, “Future Scholar is the smart, easy way to save for college. It makes good financial sense to start saving early and avoid the sticker shock that can come when facing the realities of tuition, room and board, and books.”
About Future Scholar
Future Scholar is South Carolina’s 529 Savings Plan. It is administered through the State Treasurer’s Office. For more information, visit FutureScholar.com or follow @SCStateTreasurer on Facebook. No state funds are used to market Future Scholar, this contest or its prizes.