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Idaho sees spike in college savings accounts

Idaho sees spike in college savings accounts

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CSI enrollment down

From left, Shailee Gardner and Ashtyn Conger walk to the Taylor Building in November 2016 at the College of Southern Idaho in Twin Falls.

TWIN FALLS — The number of IDeal college savings accounts in the Magic Valley grew 7 percent last year, the state-sponsored program announced this week.

A similar growth trend is expected by the end of 2016, the program said in a statement.

This year, beneficiaries of IDeal — Idaho’s 529 college savings program received more than $1.1 million in their accounts, more than double last year’s amount.

One reason for the uptick: a new social sharing option for account holders.

They can share the link to an account via email or social media, which allows family members and friends to deposit money into a child’s account.

Donations made by Idaho taxpayers are also deductible from state income taxes.

For more information, visit www.idsaves.org.

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