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For Employers
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For Employers
Employer sponsorship makes saving for higher education easier for your employees
Automatic deductions from your employees' bank accounts makes contributions to Virginia's 529 college savings accounts easy and convenient. And we waive the $25 application fee for employees who open an account through an employer sponsorship program. We can provide on-site information sessions, newsletter articles, and informational materials. Our past focus group research shows that employees prefer to hear about college savings options in the workplace. For larger employers, payroll deduction may be an option. Call us toll free at 1-888-567-0540, or click here for more information.
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Changing trends: In the 1970s and 1980s, most aid programs were designed to increase access to college for students who would otherwise be unable to attend. In recent years, student aid programs have been focused increasingly on influencing students’ choice of institutions and on reducing the financial strain of college on middle-income families, the College Board said.
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