122,000 Missourians in state college-investment plan as saving beats spending
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122,000 Missourians in state college-investment plan as saving beats spending

Date: August 26, 2010
By: Theo Keith
State Capitol Bureau
Links: Missouri's 529 college-savings plan website

Intro:  Missouri's treasurer tells KMOX that Missourians are saving in record numbers for their kids' college educations.
RunTime:  0:38
OutCue:  SOC

Wrap: A record 122,000 Missourians are saving through the state's 529 college-investment plans.

St. Louis-area residents have nearly three-quarters of a billion dollars in the funds.

State Treasurer Clint Zweifel says the records show people have learned a lesson from the bad economy. 

Actuality:  ZWEIF1.WAV
Run Time:  00:08
Description: "I think that says something -- it's been a tough economy, it's been a tough market, but Missourians understand the impact of making those small investments."

Zweifel says Missourians can start investing with as little as $25.

He says the state's different savings options can help both parents with young kids and those with high schoolers.

From the state Capitol, I'm Theo Keith, Newsradio 1120 KMOX.

Intro:  Missouri's treasurer tells KMOX the record number of Missourians in the state's college-savings plan should focus on long-term results even as some funds have dropped in value this year.
RunTime:  0:42
OutCue:  SOC

Wrap: As Missouri struggles out of the worst economic downturn since the Great Depression, half of the state's direct-investment funds have lost value this year.

Missouri Treasurer Clint Zweifel says parents should focus on growing their 529 college-savings plans long-term, not the temporary loss of value.

Actuality:  ZWEIF4.WAV
Run Time:  00:09
Description: "Don't make decisions on a month or six month or a year basis. Make those decisions on what your personal gameplan is for the next 5, 10, 15 years, and you're going to see good results."

Zweifel says a record 122,000 Missourians are saving through the state's 529 college-investment plans.

About half of those are St. Louis-area residents with three-quarters of a billion dollars invested.

From the state Capitol, I'm Theo Keith, Newsradio 1120 KMOX.