LINCOLN, Neb. (May 13, 2025) – Governor Jim Pillen is declaring May 29, 2025, as National 529 Day in Nebraska. This proclamation indicates the opportunity families have to invest in their loved ones’ futures, helping Nebraska’s next generation soar toward their dreams.
“Education opens doors to countless opportunities, and saving for the future is one of the most effective steps a family can take,” said Governor Pillen. “National 529 Day serves as a reminder of the resources available through NEST 529 Education Savings, helping families achieve their child’s educational goals.”
Post-secondary education costs like tuition and books continue to rise at and above the inflation rate, making it imperative for families to start saving earlier and more consistently. Once students are ready to pursue higher education, 529 funds can be used toward private and public two- or four-year technical, trade, vocational, graduate, or professional schools.
“NEST 529 Education Savings plans offer families a flexible, tax-advantaged way to save for their children’s educational future,” Nebraska State Treasurer Tom Briese said. “With Governor Pillen’s support, we encourage parents and guardians to explore how a NEST 529 account can help children reach their personal and professional dreams.”
Launched in 2001, Nebraska’s 529 Education Savings Plans have more than 300,000 accounts with more than $7.0 billion in assets as of March 31, 2025. Today, there are more than 100,000 NEST 529 accounts owned by Nebraska residents.
About NEST 529 Plans
A NEST 529 plan is a tax-advantaged savings account for higher education expenses. Tax-advantaged savings include a Nebraska state tax deduction, tax-deferred growth, and tax-free qualified withdrawals.1 Account Owners in Nebraska are eligible for an annual state income tax deduction of up to $10,000 for NEST 529 contributions or $5,000 if married filing separately.2 NEST 529 College Savings Plans can be used for everything from four-year universities to two-year technical schools. Opening a NEST 529 account doesn’t require a minimum deposit to get started, and contributions can be managed online. NEST 529 plans give families the ability to start investing in their loved one’s future, so they can soar to their goals and become who they want to be as adults.
The Nebraska State Treasurer serves as the Program Trustee. All investments, including the portfolio structure offered through the NEST 529 program, are vetted and approved by the Nebraska Investment Council.
