State Treasurer Clint Zweifel has announced that the MOST 529 Matching Grant Program will be accepting applications starting Saturday.
State Treasurer Clint Zweifel has announced that the MOST 529 Matching Grant Program will be accepting applications starting Saturday. The applications must be postmarked no later than June 30 to be eligible for consideration. The program awards qualified Missouri college savers a dollar-for-dollar match on their 2013 contributions to a MOST 529 account, up to $500. Approximately $125,000 in MOST 529 Matching Grant Program funds is available this year on a first-come, first-served basis.
To qualify for the program, applicants must have an existing MOST 529 Plan account or must open one at the time of the application (go to www.MissouriMOST.com to open an account); be a parent or legal guardian of the beneficiary; both the account owner and beneficiary must be Missouri residents; the beneficiary must be age 13 or younger at the time the first matching grant application is approved and the account owner’s 2012 Missouri household adjusted gross income must be $74,999 or less.
Applications can be found at www.most529grant.org. Applicants will receive notification of acceptance or denial by Aug. 31.
This year’s funds will be distributed into MOST 529 matching grant accounts by January 31, 2014. Applications from 2012 will not automatically roll over to this year. New applications must be submitted for 2013.
To learn more about the MOST 529 Matching Grant Program or to open a MOST 529 account, visit www.most529grant.org or call 800-992-8790.