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Wisconsin Senate passes changes to college savings plan

 
 Wisconsin Senate passes changes to college savings plan
Posted January 22nd, 2014 @ 2:36pm by Associated Press

MADISON, Wis. (AP) _ The Wisconsin Senate has passed a bill that would allow more people to contribute to a student's state college savings program.

The EdVest program currently allows parents, grandparents, great-grandparents, aunts and uncles to make tax-deductible contributions to accounts used to cover a child's qualified education costs. The bill passed Wednesday on a unanimous vote would allow anyone, not just family members, to contribute to a child's account.

The bill now heads to the state Assembly.

Democratic Sen. Dave Hansen, of Green Bay, says the changes are positive, but won't do enough to help address massive student loan debt faced by many students.

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