As of Dec. 31, 2020, Hoosiers in House District 75 saved over $102 million through the CollegeChoice program for more than 6,000 students to pay for a traditional four-year college or technical school. These accounts can now be used to pay for a qualified apprenticeship program.
Many students feel like the only option they have after high school is to get a college degree, but trades professionals are needed more and more each day. Regardless of the path students choose, the recent expansion of the CollegeChoice 529 Savings Plan offers more options for parents to invest in their child’s education.
The qualified apprenticeship programs must be certified by the Secretary of Labor in order to be considered as acceptable expenses with this long-term savings plan.
This comes at a time when Indiana is working to skill up its workforce and fill thousands of unfilled, high-paying positions across the state. Many of these positions require an applicant to undergo apprenticeship training.
For more information about how to sign up for a CollegeChoice 529 Savings Plan, visit in.gov/tos/iesa