66°F
weather icon Clear

Sheila Salehian: Give the gift that lasts a lifetime

Give the gift that lasts a lifetime to your child this year. Give the gift of Education.

Parents, can you believe it is November already? Where does the time go? It seems like the kids just got back to school and it is already time for the holiday season. If you’re like me, you look forward to the holidays but also find gift shopping, planning family get-togethers, trying to make sure you have everything covered while working full time, and being the best parent you can be, a bit overwhelming!!

This year, you could skip the mall, skip Amazon, and stop worrying if your gifts will be the right style, size, color, or fit, by considering giving a gift that will last a lifetime, the gift of higher education. That’s right, a college education opens the door to many opportunities in a child’s life which include higher lifetime earnings (studies report up to a million dollars more than just a high school degree), not to mention invaluable knowledge, skills, higher employment, fewer college loans, and greater job satisfaction.

Don’t know where to start? How about the Nevada Prepaid Tuition Plan? This program is a state-administered program that lets you buy in-state college tuition credit hours at today’s rates, for use when your child is ready to go to college. That’s right, if your child is 5 years old today, and you lock in a four-year university plan, you can pay for it monthly, for 10 years, and when your child is ready to go to college, their college tuition is covered 100 percent if they go to UNR or UNLV.

And if your child goes to college out of state, like about 30 percent of the participants in the Nevada Prepaid Tuition Program do, the value of the University Plan goes with them. Many families use the Nevada Prepaid Tuition Program benefits at Harvard, Yale, University of California – San Diego, etc.

The University program pays out at the UNR/UNLV rate, and scholarships, 529 college savings plans, financial aid, etc. make up the difference IF the out of state school charges more than an in-state Nevada System of Higher Education Institution.

Parents that bought the Nevada Prepaid Tuition Program in 1999, paid around $7,000 and now the program is paying out over $24,000 on their child’s behalf. The earlier you start saving, the more affordable the program is. When you buy when your child is still in elementary school, you have time on your side, and you’ve bought ‘peace of mind’ knowing that your child’s college tuition is already paid for, at today’s rates. Enrollment opened Nov. 1, 2018 and closes March 31, 2019. If you enroll your child by January 31, 2019 you will be entered to win 1 free year of college tuition valued at $6,720!!!!

Learn more about Nevada Prepaid Tuition and learn about other College Savings Programs and scholarships administered by the State Treasurer’s Office at NV529.org. Call the office staff at 1-888-477-2667 or email us at prepaidtuition@nevadatreasuer.gov Enjoy the holiday season.

Sheila Salehian is the Nevada State Treasurer’s Office deputy treasurer.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Steve Sebelius: Leadership lessons from people who’ve been there

Former governors and senators discussed leadership lessons at a symposium at UNLV’s William S. Boyd Law School last week in a program headed by former Gov. Brian Sandoval.

Thomas Knapp on universal basic income: a totalitarian state’s dream scheme

Andrew Yang’s small but solid polling in the Democratic Party’s 2020 nomination race shows that “Universal Basic Income” has gone from a fringe idea to an idea with a foothold in the popular consciousness.

Thomas Knapp: ‘Nuance’ in politics, public policy?

In 2004, Democratic presidential nominee John Kerry called his ever-shifting position on the war in Iraq “nuanced” as a way of explaining why he was for it before he was against it and why his prescriptions for its future kept changing.

Tim Burke: Census stakes high when it comes to communities, politics

This past weekend marked the Labor Day holiday and the traditional end to summer. It also means that we are inching forward on bringing 2019 to a close and the beginning of 2020. 2020 is a census year and that will have far-reaching effects on communities and in politics.

Thomas Knapp: Cybersecurity, decentralization, diversity and strength

The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), the New York Times reports, fears “ransomware” attacks against America’s voter registration systems in the run-up to the 2020 presidential election.