Apparently buried under 528 chapters before it, chapter 529 of the tax code sets up a variety of potential ways people can start to save toward their childrens’ college, if their states get off the dime. Thanks to the diligence and foresight of Treasurers going back to Bob Seale (Seale, Brian Krolicki, Kate Marshall and Dan Schwartz) and two decades of Legislative proaction, few states have implemented more of those options than Nevada.
This has become a matter of public policy based on research findings that children who know someone is saving money for them to go to college are many times more likely to actually go.
This appears to be based on social science research from the Washington University in St. Louis, described here.
If you’ve got young’uns in your life, check out all the state programs at nv529.org.