College Savings Increase 13% in Va. - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

College Savings Increase 13% in Va.

Posted:
(Photo: MGN) (Photo: MGN)

RICHMOND, Va. (AP)- Virginia families are saving more for their children's college education.

Officials with the Virginia529 College Savings Plan say about $479 million was invested during fiscal year 2013 in three savings programs.

That's up 13 percent from the $424 million families saved for college the previous year.

Improving economic conditions and growing concerns about student loan debt were credited for the increase.

Virginia529 is the state agency that oversees the programs, which are named for the Internal Revenue Code that makes earnings in the accounts tax-free.

More students also withdrew money from their accounts to pay for college expenses. The agency distributed nearly $250 million in fiscal 2013, an increase of 13 percent.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • U.S. Employers Add 209K Jobs, Rate Rises to 6.2 Pct.

    U.S. Employers Add 209K Jobs, Rate Rises to 6.2 Pct.

    Friday, August 1 2014 11:53 AM EDT2014-08-01 15:53:00 GMT
    U.S. employers extended their solid hiring into July by adding 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery.More
    U.S. employers extended their solid hiring into July by adding 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery.More
  • WBOC and FOX21 Reach Agreement with DIRECTV

    WBOC and FOX21 Reach Agreement with DIRECTV

    Friday, August 1 2014 8:53 AM EDT2014-08-01 12:53:43 GMT
    Craig Jahelka, vice president general manager of WBOC-TV issued the following statement early Friday: "WBOC-TV and FOX21 are pleased to announce we will continue to be available to DIRECTV subscribers. We have reached an agreement designed to secure continued carriage of our top-rated stations on DIRECTV for the foreseeable future. "We would like to express our heartfelt gratitude for the support and understanding our family, friends and neighbors here on Delmarva have demons...More
    Craig Jahelka, vice president general manager of WBOC-TV issued the following statement early Friday: "WBOC-TV and FOX21 are pleased to announce we will continue to be available to DIRECTV subscribers. We have reached an agreement designed to secure continued carriage of our top-rated stations on DIRECTV for the foreseeable future. "We would like to express our heartfelt gratitude for the support and understanding our family, friends and neighbors here on Delmarva have demons...More
  • Trimper's Rides Sued for 2012 Accident

    Trimper's Rides Sued for 2012 Accident

    Friday, August 1 2014 8:32 AM EDT2014-08-01 12:32:35 GMT
    Friday June 28, 2012 started out as a normal day at the amusement park for J and his family until they rode the Hampton I, a mini car and truck ride.More
    Friday June 28, 2012 started out as a normal day at the amusement park for J and his family until they rode the Hampton I, a mini car and truck ride.More
  • Most Popular StoriesMost Popular StoriesMore>>

  • WBOC and FOX21 Reach Agreement with DIRECTV

    WBOC and FOX21 Reach Agreement with DIRECTV

    Friday, August 1 2014 8:53 AM EDT2014-08-01 12:53:43 GMT
    Craig Jahelka, vice president general manager of WBOC-TV issued the following statement early Friday: "WBOC-TV and FOX21 are pleased to announce we will continue to be available to DIRECTV subscribers. We have reached an agreement designed to secure continued carriage of our top-rated stations on DIRECTV for the foreseeable future. "We would like to express our heartfelt gratitude for the support and understanding our family, friends and neighbors here on Delmarva have demons...More
    Craig Jahelka, vice president general manager of WBOC-TV issued the following statement early Friday: "WBOC-TV and FOX21 are pleased to announce we will continue to be available to DIRECTV subscribers. We have reached an agreement designed to secure continued carriage of our top-rated stations on DIRECTV for the foreseeable future. "We would like to express our heartfelt gratitude for the support and understanding our family, friends and neighbors here on Delmarva have demons...More
  • Credit Card Scam Hits Ocean City

    Credit Card Scam Hits Ocean City

    Thursday, July 31 2014 8:46 PM EDT2014-08-01 00:46:29 GMT
    OCEAN CITY, Md.- The Ocean City Police Department is advising citizens of a recent cyber-attack that compromised the security of numerous credit card processing companies nationwide.More
    OCEAN CITY, Md.- The Ocean City Police Department is advising citizens of a recent cyber-attack that compromised the security of numerous credit card processing companies nationwide.More
  • Robbery Suspect Trapped in Bank

    Robbery Suspect Trapped in Bank

    Friday, August 1 2014 12:01 AM EDT2014-08-01 04:01:59 GMT
    Delaware State police say a man who robbed a bank was arrested after an employee activated a security device that trapped him between locked doors in the vestibule.More
    Delaware State police say a man who robbed a bank was arrested after an employee activated a security device that trapped him between locked doors in the vestibule.
    More
  • Most Popular VideosMost Popular VideosMore>>

  • Mobile Features and Text Alerts

    Mobile Features and Text Alerts

  • NRP Cracking Down on Crabbers

    NRP Cracking Down on Crabbers

    It has been known to happen in the past. Sometimes people catch crabs under the state's size limit and keep them. Now, the natural resources police is stepping up enforcement to make sure that if you break the law, you're going to pay for it.

    More

    It has been known to happen in the past. Sometimes people catch crabs under the state's size limit and keep them. Now, the natural resources police is stepping up enforcement to make sure that if you break the law, you're going to pay for it.

    More
  • Trimper's Rides Being Sued

    Trimper's Rides Being Sued

     The Ocean City amusement park is being sued after an accident on a ride left a two year old boy with a traumatic brain injury two years ago.

    More

     The Ocean City amusement park is being sued after an accident on a ride left a two year old boy with a traumatic brain injury two years ago.

    More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service