Lehe: Hoosiers can now use CollegeChoice 529 Savings Plans for apprenticeship programs

Posted by: Josh DeFonce  | Friday, February 19, 2021 12:45 pm

STATEHOUSE (Feb. 19, 2021) – Some apprenticeship programs are now considered qualified expenses for funds saved through the CollegeChoice 529 Savings Plan, according to State Rep. Don Lehe (R-Brookston).

As of Dec. 31, 2020, Hoosiers in House District 25 saved over $202 million through the CollegeChoice program for more than 14,000 students to pay for a traditional four-year college or technical school. Lehe said these accounts can now be used to pay for a qualified apprenticeship program.

"Pursuing an apprenticeship is a great way for students to build their talents while preparing themselves for the possibility of being hired for a high-paying job," Lehe said. "The CollegeChoice 529 Savings Plan provides Hoosiers an opportunity to invest in an educational experience that will benefit their child in the future."

According to Lehe, qualified apprenticeship programs must be certified by the Secretary of Labor in order to be considered as acceptable expenses with this long-term savings plan.

Lehe said this comes at a time when Indiana is working to skill up its workforce and fill thousands of unfilled, high-paying positions across the state. Many of these positions require an applicant to undergo apprenticeship training. 

For more information about how to sign up for a CollegeChoice 529 Savings Plan, visit in.gov/tos/iesa

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State Rep. Don Lehe (R-Brookston) represents House District 25, which
includes portions of Carroll, Cass, Clinton, Tippecanoe and White counties.
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