Bill > HCR64

This concurrent resolution recognizes May 29th as DE529 Day, highlighting Delaware's commitment to addressing the challenges of higher education affordability and encouraging college savings. The resolution emphasizes the rising cost of post-secondary education, the growing burden of student loan debt, and the financial stress parents face in funding their children's education. It notes that only 37% of American families have a dedicated college savings account, and presents the DE529 Education Savings Plan as a solution to help families prepare for educational expenses. The resolution highlights Delaware's supportive initiatives, including the "First State, First Steps" program that offers a $100 incentive for new DE529 accounts and a state tax deduction of up to $1,000 for individual filers and $2,000 for joint filers with lower incomes. By proclaiming DE529 Day, the state aims to raise awareness about the importance of education savings and encourage families and employers to support children's future educational opportunities.

https://legis.delaware.gov/BillDetail?LegislationId=142484